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

Myungkyu Shim; Hee Seung Yang

doi:10.1016/j.econlet.2015.01.013

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

Myungkyu Shim, Hee Seung Yang

Department of Economics

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	75-78
Number of pages	4
Journal	Economics Letters
Volume	128
DOIs	https://doi.org/10.1016/j.econlet.2015.01.013
Publication status	Published - 2015 Mar 1

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

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10.1016/j.econlet.2015.01.013

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title = "The implications of changes in hours fluctuations on welfare costs of business cycles",

abstract = "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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