The Shadow Margins of Labor Market Slack
利用新数据和现有数据构建了总工时缺口（AHG），一种衡量劳动力利用不足的新指标，发现自大衰退以来劳动力市场复苏比官方失业率显示的更缓慢，并解释了工资变动。
Abstract We use a mix of new and existing data to develop the Aggregate Hours Gap (AHG), a novel measure of labor market underutilization. Our measure differentiates individuals by detailed categories of labor market participation and uses data on their desired work hours as a measure of their potential labor supply. We show that desired hours vary widely by demographics and detailed labor force status, and that the gap between desired and actual work hours is strongly positively correlated with reported search effort. The AHG suggests a more sluggish labor market recovery since the Great Recession than either the official unemployment rate or alternative measures of labor market underutilization. Modest amounts of underutilization among the part‐time employed and a substantial degree of underutilization among those out of the labor force account for the disparity. The AHG also does well in accounting for wage movements over our sample period.