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

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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 languageEnglish
Pages (from-to)75-78
Number of pages4
JournalEconomics Letters
Volume128
DOIs
Publication statusPublished - 2015 Mar 1

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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