The business cycle properties of occupational employment have not yet been extensively explored because of inconsistencies in the aggregate employment series by occupation. Using consistent aggregate hours data constructed through the method of “conversion factors,” which was developed by...

Although much is known about labor market dynamics under technology shocks in advanced economies, this is not true for developing economies. This study bridges this gap in the literature by establishing new stylized facts in labor market dynamics. First, the response of hours worked (and...

We find that changes in hours volatilities since the mid-1980s have been more favorable for middle-skilled workers relative to high-skilled and low-skilled workers. In particular, the relative standard deviation of detrended employment of middle-skilled workers to high-skilled workers has...