ABSTRACT
The most salient effects of the 2008-09 economic crisis observed across the globe, regardless of the level of economic development, have been higher unemployment and vulnerable employment. Rising joblessness, led by a dramatic decline in aggregate demand with falling exports, particularly in the developing world, has become a central issue. Much has been written about the impact of the crisis on employment status (extensive margin) in labor markets; however, its consequences in terms of work time (the intensive margin), both market and nonmarket, have been neglected so far.
