2026-03-06T01:59:16Zhttps://uvadoc.uva.es/oai/request

oai:uvadoc.uva.es:10324/815032026-01-15T13:57:40Zcom_10324_1160com_10324_931com_10324_894col_10324_1314

Labor supply and the business cycle: The “bandwagon worker effect” Martín Román, Ángel Luis Cuéllar Martín, Jaime Moral de Blas, Alfonso The relationship between labour force participation and the business cycle is a common topic in economic literature. However, few studies have examined if the cyclical sensitivity of labour force participation is influenced by social effects. In this paper, we construct a theoretical model defining a relatively new hypothesis, the bandwagon worker effect (BWE). We use spatial econometrics techniques to test the existence of the BWE in the local labour markets in Spain. Our results reveal a positive spatial dependence in the cyclical sensitivity of labour force participation that decreases as we fix a laxer neighbourhood criterion, which verifies the existence of the BWE. Para consultar el trabajo finalmente publicado puede acceder a través del siguiente enlace: https://doi.org/10.1111/pirs.12542 2026-01-14T11:51:18Z 2026-01-14T11:51:18Z 2020 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion https://uvadoc.uva.es/handle/10324/81503 https://doi.org/10.1111/pirs.12542 eng Attribution-NonCommercial-NoDerivatives 4.0 Internacional info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf https://uvadoc.uva.es/bitstream/10324/81503/4/pirs.12542.pdf.jpg Hispana TEXT http://creativecommons.org/licenses/by-nc-nd/4.0/ UVaDOC. Repositorio Documental de la Universidad de Valladolid https://uvadoc.uva.es/handle/10324/81503