Born to be Unemployed: Unemployment and Wages over the Business Cycle

Yona Rubinstein and Daniel Tsiddon ()

Working Papers from Tel Aviv

Abstract: This work decomposes the human capital bundle into two characteristics: "knowledge", associated with one's own education ane experience, and "general skills", associated with parent's education. Using this decomposition we provide a new set of observations on the cyclicability ofboth wages and employment.

Keywords: HUMAN CAPITAL; EMPLOYMENT; WAGES; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: J31 E32 J64 (search for similar items in EconPapers)
Date: 1999
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Persistent link: http://EconPapers.repec.org/RePEc:fth:teavfo:39-99

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