The implications of changes in hours fluctuations on welfare costs of business cycles

Hours volatility has changed non-monotonically across skill groups since the mid-1980s. The welfare cost of business cycles of mid-skilled workers became similar to that of high-skilled workers, while the relative welfare cost of low- to high-skilled workers remains very high.

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Year of publication:	2015
Authors:	Shim, Myungkyu ; Yang, Hee-Seung
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 128.2015, C, p. 75-78
Publisher:	Elsevier
Subject:	Change in hours fluctuations \| Welfare cost of business cycles \| Heterogeneity in skills

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Type of publication:	Article
Classification:	E24 - Employment; Unemployment; Wages ; E32 - Business Fluctuations; Cycles ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011208458