Involuntary Part-Time Worker

AKA: Part-Time for Economic Reasons.
Context:
- They can be so due to shortened hours at their previously Full-Time Job.
- …
Counter-Example(s):
- a Voluntary Part-Time Worker.
- an Overqualified Part-Time Worker.
See: Involuntary Part-Time Worker Rate.

References

http://data.bls.gov/timeseries/LNS12032194 Employment Level - Part-Time for Economic Reasons, All Industries

(Vallettaan & List, 2015) ⇒ Catherine V. Vallettaan, and Der List. (2015). “Involuntary Part-time Work: Here to Stay?.” In: FRBSF ECONOMIC LETTER

2015-19 June 8, 2015

- QUOTE: The incidence of involuntary part-time work surged during the Great Recession and has stayed unusually high during the recovery. This may reflect more labor market slack than is captured by the unemployment rate alone. Analysis across states and over time indicates that a substantial part of the increase is related to the business cycle. However, structural factors such as changes in industry composition, population demographics, and labor costs have also contributed. This suggests that involuntary part-time work may remain significantly above its pre-recession level as the labor market continues to recover. People who work part time but would prefer to work full time make up a small but important portion of the labor force. The prevalence of such involuntary part-time work has remained unusually high in the aftermath of the Great Recession. One interpretation is that this is a cyclical phenomenon associated with general weakness in the labor market. From this perspective, involuntary part-time employment represents idle labor resources, or labor market slack, that is relevant for assessing how close the economy is to the Federal Reserve’s maximum employment goal. Alternatively, the high level of involuntary part-time work may reflect structural changes in the labor market that have caused employers to shift away from full-time workers on a more permanent basis (Yellen 2014 provides a concise summary of these ...

(Terry, 1981) ⇒ Sylvia Lazos Terry. (1981). [http://connection.ebscohost.com/c/articles/6005615/involuntary-part-time-work-new-information-from-cps
- ABSTRACT: Persons who work part time involuntarily have lower median family incomes and a higher incidence of poverty than do other part-time workers
- INTRODUCTION: Persons who work less than 35 hours per week but would prefer to work full time-frequently referred to as the partially unemployed - receive less attention than other unemployed workers, low wage workers, and those discouraged over job prospects. Nevertheless, the problem of involuntary part-time employment affects millions when the economy is performing well and grows considerably during recessionary periods. Detailed information about part-time workers' - their numbers, characteristics, and reasons for working part time-has long been obtained monthly through the Current Population Survey (cps).' These data, when converted into annual statistics, record the average number of persons working part time during a year. However, because part-time jobs are often brief, generating a high employee turnover, one could not, until recently, determine the total number of persons who work part time during a given year . Additional information which explores this dimension of part-time work is now obtained annually through the March work experience and income supplement to the CPS.