TY  - JOUR
AU  - Mulligan,Casey B.
TI  - Does Labor Supply Matter During a Recession?  Evidence from the Seasonal Cycle
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 16357
PY  - 2010
Y2  - September 2010
UR  - http://www.nber.org/papers/w16357
L1  - http://www.nber.org/papers/w16357.pdf
N1  - Author contact info:
Casey B. Mulligan
University of Chicago
Department of Economics
1126 East 59th Street
Chicago, IL  60637
Tel: 773/702-9017
Fax: 773/702-8490
E-Mail: c-mulligan@uchicago.edu
AB  - Every year has large demand and supply shifts associated with the seasons, regardless of the phase of the business cycle.  Based on measures dating back to the 1940s, the seasonal shifts reject the hypotheses that demand shifts affect employment outcomes significantly more in recession years than in non-recession years, and that supply shifts matter significantly less (if at all) in the recession years.  My results are consistent with the hypothesis that recessions are characterized by labor market distortions that are neither alleviated by additional labor demand nor exacerbated by additional labor supply.
ER  -