Details about Yongsung Chang

E-mail:
Homepage:	http://sites.google.com/site/yongsungchang/
Workplace:	Division of Economics, Seoul National University, (more information at EDIRC)

Access statistics for papers by Yongsung Chang.

Last updated 2022-08-15. Update your information in the RePEc Author Service.

Short-id: pch20

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Working Papers

2021

1. Negative Income Tax and Universal Basic Income in the Eyes of Aiyagari
   Working Paper Series, Institute of Economic Research, Seoul National University
2. Online Appendix to "Income Volatility and Portfolio Choices"
   Online Appendices, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2022)

2020

3. Income Volatility and Portfolio Choices
   Working Paper, Federal Reserve Bank of Richmond
   Also in 2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (2)
   Working Paper Series, Institute of Economic Research, Seoul National University (2020)
   See also Journal Article in Review of Economic Dynamics (2022)
4. Labor-Market Wedge under Engel Curve Utility: Cyclical Substitution between Necessities and Luxuries
   Working Paper Series, Institute of Economic Research, Seoul National University
   Also in Working Paper, Federal Reserve Bank of Richmond (2018)
   Working papers, Yonsei University, Yonsei Economics Research Institute (2018)
   See also Journal Article in Economic Quarterly (2020)

2019

5. Cross-Sectional and Aggregate Labor Supply
   Working Paper Series, Institute of Economic Research, Seoul National University View citations (1)
   Also in ISER Discussion Paper, Institute of Social and Economic Research, Osaka University (2019) View citations (1)
   See also Journal Article in European Economic Review (2020)
6. Equilibrium Redistribution under Ex-ante Heterogeneity and Income-Dependent Voting
   Working Paper Series, Institute of Economic Research, Seoul National University
7. How Sticky Wages In Existing Jobs Can Affect Hiring
   Working Paper Series, Institute of Economic Research, Seoul National University
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (11)
   Working papers, Yonsei University, Yonsei Economics Research Institute (2016) View citations (6)
   RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2014) View citations (11)
   2013 Meeting Papers, Society for Economic Dynamics (2013)
   See also Journal Article in American Economic Journal: Macroeconomics (2022)

2018

8. Individual and Aggregate Labor Supply in Heterogeneous Agent Economies with Intensive and Extensive Margins
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
9. Optimal Taxation with Private Insurance
   Working Paper Series, Institute of Economic Research, Seoul National University View citations (1)
   Also in 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (8)
   Working papers, Yonsei University, Yonsei Economics Research Institute (2017) View citations (8)
   RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2017) View citations (8)
   See also Journal Article in Review of Economic Studies (2021)

2016

10. Ex-ante Heterogeneity and Equilibrium Redistribution(Preliminary)
    Working papers, Yonsei University, Yonsei Economics Research Institute
11. Pareto Weights in Practice: A Quantitative Analysis Across 32 OECD Countries
    Working papers, Yonsei University, Yonsei Economics Research Institute View citations (7)

2015

12. Pareto Weights in Practice: Income Inequality and Tax Reform
    2015 Meeting Papers, Society for Economic Dynamics View citations (4)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2015) View citations (5)

2014

13. Individual and Aggregate Labor Supply in a Heterogeneous Agent Economy with Intensive and Extensive Margins
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (15)
14. Labor-Market Uncertainty and Portfolio Choice Puzzles
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (3)
    Also in Working Paper, Federal Reserve Bank of Richmond (2014)
    See also Journal Article in American Economic Journal: Macroeconomics (2018)

2013

15. Life Cycle Uncertainty and Portfolio Choice Puzzles
    2013 Meeting Papers, Society for Economic Dynamics View citations (2)

2012

16. Accounting for Global Dispersion of Current Accounts
    Working papers, Yonsei University, Yonsei Economics Research Institute
    Also in IMF Working Papers, International Monetary Fund (2009) View citations (10)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2009) View citations (10)
    See also Journal Article in Review of Economic Dynamics (2013)
17. Hours and Employment in the Cross-Section and Over the Cycle
    2012 Meeting Papers, Society for Economic Dynamics View citations (2)
18. Labor-Market Heterogeneity, Aggregation, and the Policy-(In)variance of DSGE Model Parameters
    Working papers, Yonsei University, Yonsei Economics Research Institute
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2011) View citations (3)
    See also Journal Article in Journal of the European Economic Association (2013)

2011

19. Asymmetric Phase Shifts in U.S. Industrial Production Cycles
    2011 Meeting Papers, Society for Economic Dynamics View citations (6)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2011) View citations (7)
    See also Journal Article in The Review of Economics and Statistics (2015)
20. Interpreting Labor Supply Regressions in a Model of Full and Part-Time Work
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (22)
    See also Journal Article in American Economic Review (2011)
21. Transition Dynamics in the Neoclassical Growth Model: The Case of South Korea
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (4)
    Also in Working Paper, Federal Reserve Bank of Richmond (2011) View citations (1)
    See also Journal Article in The B.E. Journal of Macroeconomics (2015)

2010

22. Financial Frictions, Aggregation, and the Lucas Critique
    2010 Meeting Papers, Society for Economic Dynamics View citations (4)
23. Labor-Market Heterogeneity, Aggregation, and the Lucas Critique
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2010) View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (4)
24. The Price of Egalitarianism
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    See also Journal Article in The B.E. Journal of Macroeconomics (2012)

2009

25. Comparative Advantage and Aggregate Unemployment
    2009 Meeting Papers, Society for Economic Dynamics View citations (2)
26. Comparative Advantage and Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2009) View citations (12)
    See also Journal Article in Journal of Monetary Economics (2012)
27. Heterogeneity and Cyclical Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Discussion Paper Series, Institute of Economic Research, Korea University (2008) View citations (3)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2008) View citations (2)

2008

28. Can a Representative-Agent Model Represent a Heterogeneous-Agent Economy?
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (2)
    Also in Microeconomics Working Papers, East Asian Bureau of Economic Research (2008) View citations (2)
    Discussion Paper Series, Institute of Economic Research, Korea University (2007) View citations (2)
    See also Journal Article in American Economic Journal: Macroeconomics (2009)
29. Comparative Advantage in Cyclical Unemployment
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    Also in Discussion Paper Series, Institute of Economic Research, Korea University (2007) View citations (14)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (11)
    2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (11)

2006

30. Home production
    Working Paper, Federal Reserve Bank of Richmond View citations (7)
31. Non-stationary hours in a DSGE model
    Working Papers, Federal Reserve Bank of Philadelphia View citations (13)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (5)
    See also Journal Article in Journal of Money, Credit and Banking (2007)
32. Understanding how employment responds to productivity shocks in a model with inventories
    Working Paper, Federal Reserve Bank of Richmond View citations (7)

2005

33. Do technological improvements in the manufacturing sector raise or lower employment?
    Working Paper, Federal Reserve Bank of Richmond View citations (13)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2005) View citations (3)
    See also Journal Article in American Economic Review (2006)

2004

34. Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference Shifts
    Macroeconomics, University Library of Munich, Germany
    Also in Working Paper, Federal Reserve Bank of Richmond (2004) View citations (3)
35. Productivity, Employment, and Inventories: Smoothing Over Sticky Prices
    2004 Meeting Papers, Society for Economic Dynamics
36. Productivity, employment, and inventories
    Working Paper, Federal Reserve Bank of Richmond View citations (3)

2003

37. From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy
    Macroeconomics, University Library of Munich, Germany View citations (8)
    Also in Working Paper, Federal Reserve Bank of Richmond (2003) View citations (41)
    See also Journal Article in International Economic Review (2006)
38. Labor shifts and economic fluctuations
    Working Paper, Federal Reserve Bank of Richmond View citations (8)
39. On the Employment Effect of Technology: Evidence from US Manufacturing for 1958-1996
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (3)
    Also in Working Paper, Federal Reserve Bank of Richmond (2003) View citations (2)
    Macroeconomics, University Library of Munich, Germany (2003) View citations (3)

2002

40. Cyclical Movements in Hours and Effort under Sticky Wages
    Macroeconomics, University Library of Munich, Germany View citations (1)
41. Labor-Supply Shifts and Economic Fluctuations
    Macroeconomics, University Library of Munich, Germany View citations (2)
    See also Journal Article in Journal of Monetary Economics (2003)
42. Learning by Doing as a Propagation Mechanism
    Macroeconomics, University Library of Munich, Germany View citations (113)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (142)
    See also Journal Article in American Economic Review (2002)
43. Trends in Unemployment Rates in Korea: A Search-Matching Model Interpretation
    Labor and Demography, University Library of Munich, Germany
    See also Journal Article in Journal of the Japanese and International Economies (2004)
44. Welfare Costs of Sticky Wages When Effort Can Respond
    Macroeconomics, University Library of Munich, Germany View citations (3)
    See also Journal Article in Journal of Monetary Economics (2003)

2000

45. Decomposition of Hours Based on Extensive and Intensive Margins of Labor
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (1)
    See also Journal Article in Economics Letters (2001)
46. Persistence
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (4)

1999

47. Understanding How Price Responds to Costs and Production
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (2000)
48. Wages and the Allocation of Hours and Effort
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

Journal Articles

2022

1. Equilibrium Tax Rates under Ex-ante Heterogeneity and Income-dependent Voting
   The B.E. Journal of Macroeconomics, 2022, 22, (2), 547-573
2. How Sticky Wages in Existing Jobs Can Affect Hiring
   American Economic Journal: Macroeconomics, 2022, 14, (1), 1-37
   See also Working Paper (2019)
3. Income Volatility and Portfolio Choices
   Review of Economic Dynamics, 2022, 44, 65-90 View citations (1)
   See also Working Paper (2020)
   Working Paper (2021)
   Software Item (2021)

2021

4. Optimal Taxation with Private Insurance
   (Uninsured Idiosyncratic Risk and Aggregate Saving)
   Review of Economic Studies, 2021, 88, (6), 2766-2798 View citations (2)
   See also Working Paper (2018)

2020

5. Cross-sectional and aggregate labor supply
   European Economic Review, 2020, 126, (C)
   See also Working Paper (2019)
6. Labor-Market Wedge under Engel Curve Utility: Cyclical Substitution between Necessities and Luxuries
   Economic Quarterly, 2020, (1Q), 1-17
   See also Working Paper (2020)

2019

7. 2018 KLEIN LECTURE: INDIVIDUAL AND AGGREGATE LABOR SUPPLY IN HETEROGENEOUS AGENT ECONOMIES WITH INTENSIVE AND EXTENSIVE MARGINS
   International Economic Review, 2019, 60, (1), 3-24 View citations (14)

2018

8. Labor Market Uncertainty and Portfolio Choice Puzzles
   American Economic Journal: Macroeconomics, 2018, 10, (2), 222-62 View citations (14)
   See also Working Paper (2014)
9. Pareto Weights in Practice: A Quantitative Analysis of 32 OECD Countries
   Review of Economic Dynamics, 2018, 28, 181-204 View citations (8)
   See also Software Item (2017)

2016

10. On the Aggregate Labor Supply: A Progress Report
    Global Economic Review, 2016, 45, (3), 275-293 View citations (1)
11. The impacts of Dual Labour Markets on Unemployment and Productivity (in Korean)
    Economic Analysis (Quarterly), 2016, 22, (1), 1-34

2015

12. Asymmetric Phase Shifts in U.S. Industrial Production Cycles
    The Review of Economics and Statistics, 2015, 97, (1), 116-133 View citations (4)
    See also Working Paper (2011)
13. Transition dynamics in the neoclassical growth model: the case of South Korea
    The B.E. Journal of Macroeconomics, 2015, 15, (2), 649-676 View citations (4)
    See also Working Paper (2011)

2014

14. Heterogeneity and Aggregation: Implications for Labor-Market Fluctuations: Reply
    American Economic Review, 2014, 104, (4), 1461-66 View citations (5)

2013

15. Accounting for Global Dispersion of Current Accounts
    Review of Economic Dynamics, 2013, 16, (3), 477-496 View citations (7)
    See also Software Item (2012)
    Working Paper (2012)
16. LABOR-MARKET HETEROGENEITY, AGGREGATION, AND POLICY (IN)VARIANCE OF DSGE MODEL PARAMETERS
    Journal of the European Economic Association, 2013, 11, 193-220 View citations (16)
    See also Working Paper (2012)

2012

17. Comparative advantage and unemployment
    Journal of Monetary Economics, 2012, 59, (2), 150-165 View citations (38)
    See also Working Paper (2009)
18. The Price of Egalitarianism
    The B.E. Journal of Macroeconomics, 2012, 11, (1), 1-24 View citations (1)
    See also Working Paper (2010)

2011

19. Interpreting Labor Supply Regressions in a Model of Full- and Part-Time Work
    American Economic Review, 2011, 101, (3), 476-81 View citations (30)
    See also Working Paper (2011)
20. Worker Heterogeneity and Endogenous Separations in a Matching Model of Unemployment Fluctuations
    American Economic Journal: Macroeconomics, 2011, 3, (1), 128-54 View citations (50)

2009

21. Can a Representative-Agent Model Represent a Heterogeneous-Agent Economy
    American Economic Journal: Macroeconomics, 2009, 1, (2), 29-54 View citations (17)
    See also Working Paper (2008)
22. On the employment effects of productivity shocks: The role of inventories, demand elasticity, and sticky prices
    Journal of Monetary Economics, 2009, 56, (3), 328-343 View citations (30)

2007

23. Heterogeneity and Aggregation: Implications for Labor-Market Fluctuations
    American Economic Review, 2007, 97, (5), 1939-1956 View citations (111)
24. Non-stationary Hours in a DSGE Model
    Journal of Money, Credit and Banking, 2007, 39, (6), 1357-1373 View citations (87)
    Also in Journal of Money, Credit and Banking, 2007, 39, (6), 1357-1373 (2007) View citations (4)
    See also Working Paper (2006)

2006

25. Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment?
    American Economic Review, 2006, 96, (1), 352-368 View citations (80)
    See also Working Paper (2005)
26. FROM INDIVIDUAL TO AGGREGATE LABOR SUPPLY: A QUANTITATIVE ANALYSIS BASED ON A HETEROGENEOUS AGENT MACROECONOMY *
    International Economic Review, 2006, 47, (1), 1-27 View citations (223)
    See also Working Paper (2003)

2005

27. On the aggregate labor supply
    Economic Quarterly, 2005, 91, (Win), 21-37 View citations (11)

2004

28. Trends in unemployment rates in Korea: A search-matching model interpretation
    Journal of the Japanese and International Economies, 2004, 18, (2), 241-263 View citations (5)
    See also Working Paper (2002)

2003

29. Labor-supply shifts and economic fluctuations
    Journal of Monetary Economics, 2003, 50, (8), 1751-1768 View citations (111)
    See also Working Paper (2002)
30. Welfare costs of sticky wages when effort can respond
    Journal of Monetary Economics, 2003, 50, (2), 311-330 View citations (6)
    See also Working Paper (2002)

2002

31. Learning-by-Doing as a Propagation Mechanism
    American Economic Review, 2002, 92, (5), 1498-1520 View citations (147)
    See also Working Paper (2002)

2001

32. Cyclical Movements in Hours and Effort Under Sticky Wages-super-*
    International Economic Journal, 2001, 15, (2), 1-26 View citations (7)
33. Decomposition of hours based on extensive and intensive margins of labor
    Economics Letters, 2001, 72, (3), 361-367 View citations (3)
    See also Working Paper (2000)

2000

34. Comovement, excess volatility, and home production
    Journal of Monetary Economics, 2000, 46, (2), 385-396 View citations (34)
35. Understanding how price responds to costs and production
    Carnegie-Rochester Conference Series on Public Policy, 2000, 52, (1), 33-77 View citations (35)
    See also Working Paper (1999)
36. Wages, business cycles, and comparative advantage
    Journal of Monetary Economics, 2000, 46, (1), 143-171 View citations (18)

Software Items

2021

1. Code and data files for "Income Volatility and Portfolio Choices"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2022)

2017

2. Code and data files for "Pareto Weights in Practice: A Quantitative Analysis of 32 OECD Countries"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2018)

2012

3. Code and data files for "Accounting for Global Dispersion of Current Accounts"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2013)