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.
Bibliographical notePublisher Copyright:
© 2015 Elsevier B.V.
All Science Journal Classification (ASJC) codes
- Economics and Econometrics