The Demand for Youth: Explaining Age Differences in the Volatility of Hours
研究发现年轻人工作时长的周期性波动比中年人更大，且工资波动也更大，说明这主要源于劳动力需求差异而非供给差异。
Over the business cycle young workers experience much greater volatility of hours worked than prime-aged workers. This can arise from age differences in labor supply or labor demand characteristics. To distinguish between these, we document that, for young workers, both the cyclical volatilities of hours and wages are greater than those of the prime-aged. We argue that a general class of models featuring only age-specific labor supply differences cannot reconcile these facts. We then show that a simple model featuring labor demand differences can.