Comparative Advantage in Cyclical Unemployment
Separations are noticeably more countercyclical for workers who average shorter workweeks. This pattern is mirrored in wage cyclicality; wages are less procyclical for those who work shorter hours. But separations, counter to our model predictions, are not higher in recessions nor heavily concentrated on low-skilled workers during recessions.
Year of publication: |
2007
|
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Authors: | Chang, Yongsung ; Kim, Sun-Bin ; Bils, Mark |
Institutions: | Society for Economic Dynamics - SED |
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