RT info:eu-repo/semantics/article
T1 Labor supply and the business cycle: The “bandwagon worker effect”
A1 Martín Román, Ángel Luis
A1 Cuéllar Martín, Jaime
A1 Moral de Blas, Alfonso
AB 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.
YR 2020
FD 2020
LK https://uvadoc.uva.es/handle/10324/81503
UL https://uvadoc.uva.es/handle/10324/81503
LA eng
DS UVaDOC
RD 05-mar-2026