Contents

The Implications of Changes in Hours Fluctuations on Welfare Costs of Business Cycles

Yang, Hee-Seung / Shim, Myungkyu

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.

Issue Date
2015
Publisher
ELSEVIER SCIENCE SA
Keywords
Change in hours; fluctuations; Welfare cost of business cycles; Heterogeneity in skills
DOI
10.1016/j.econlet.2015.01.013
Journal Title
ECONOMICS LETTERS
Start Page
75
End Page
78
ISSN
0165-1765
Language
English
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