Details about Yongsung Chang
Access statistics for papers by Yongsung Chang.
Last updated 2020-11-24. Update your information in the RePEc Author Service.
Short-id: pch20
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Working Papers
2020
- Income Volatility and Portfolio Choices
Working Paper Series, Institute of Economic Research, Seoul National University 
Also in 2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (1) Working Paper, Federal Reserve Bank of Richmond (2020)
- 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
- Cross-Sectional and Aggregate Labor Supply
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 
Also in Working Paper Series, Institute of Economic Research, Seoul National University (2019) 
See also Journal Article in European Economic Review (2020)
- Equilibrium Redistribution under Ex-ante Heterogeneity and Income-Dependent Voting
Working Paper Series, Institute of Economic Research, Seoul National University
- How Sticky Wages In Existing Jobs Can Affect Hiring
Working Paper Series, Institute of Economic Research, Seoul National University 
Also in 2013 Meeting Papers, Society for Economic Dynamics (2013)  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 (9) NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (9)
2018
- 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 (2)
- Optimal Taxation with Private Insurance
Working Paper Series, Institute of Economic Research, Seoul National University 
Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2017) View citations (2) Working papers, Yonsei University, Yonsei Economics Research Institute (2017) View citations (2) 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (1)
2016
- Ex-ante Heterogeneity and Equilibrium Redistribution(Preliminary)
Working papers, Yonsei University, Yonsei Economics Research Institute
- Pareto Weights in Practice: A Quantitative Analysis Across 32 OECD Countries
Working papers, Yonsei University, Yonsei Economics Research Institute View citations (3)
2015
- Pareto Weights in Practice: Income Inequality and Tax Reform
2015 Meeting Papers, Society for Economic Dynamics View citations (2)
Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2015) View citations (2)
2014
- 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)
- Labor-Market Uncertainty and Portfolio Choice Puzzles
Working Paper, Federal Reserve Bank of Richmond 
Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2014) View citations (3)
See also Journal Article in American Economic Journal: Macroeconomics (2018)
2013
- Life Cycle Uncertainty and Portfolio Choice Puzzles
2013 Meeting Papers, Society for Economic Dynamics View citations (2)
2012
- 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 (9) RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2009) View citations (9)
See also Journal Article in Review of Economic Dynamics (2013)
- Hours and Employment in the Cross-Section and Over the Cycle
2012 Meeting Papers, Society for Economic Dynamics View citations (2)
- 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
- Asymmetric Phase Shifts in U.S. Industrial Production Cycles
2011 Meeting Papers, Society for Economic Dynamics View citations (5)
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)
- 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 (10)
See also Journal Article in American Economic Review (2011)
- 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 (2)
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
- Financial Frictions, Aggregation, and the Lucas Critique
2010 Meeting Papers, Society for Economic Dynamics View citations (1)
- Labor-Market Heterogeneity, Aggregation, and the Lucas Critique
RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (6)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (3) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (2)
- 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
- Comparative Advantage and Aggregate Unemployment
2009 Meeting Papers, Society for Economic Dynamics View citations (1)
- Comparative Advantage and Unemployment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2009) View citations (5)
See also Journal Article in Journal of Monetary Economics (2012)
- Heterogeneity and Cyclical Unemployment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
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
- Can a Representative-Agent Model Represent a Heterogeneous-Agent Economy?
RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (1)
Also in Discussion Paper Series, Institute of Economic Research, Korea University (2007) View citations (2) Microeconomics Working Papers, East Asian Bureau of Economic Research (2008) View citations (1)
See also Journal Article in American Economic Journal: Macroeconomics (2009)
- 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 (10) 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (5) NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (8)
2006
- Home production
Working Paper, Federal Reserve Bank of Richmond View citations (7)
- 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 (4)
See also Journal Article in Journal of Money, Credit and Banking (2007)
- Understanding how employment responds to productivity shocks in a model with inventories
Working Paper, Federal Reserve Bank of Richmond View citations (6)
2005
- 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
- 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)
- Productivity, Employment, and Inventories: Smoothing Over Sticky Prices
2004 Meeting Papers, Society for Economic Dynamics
- Productivity, employment, and inventories
Working Paper, Federal Reserve Bank of Richmond View citations (3)
2003
- From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy
Macroeconomics, University Library of Munich, Germany View citations (6)
Also in Working Paper, Federal Reserve Bank of Richmond (2003) View citations (41)
See also Journal Article in International Economic Review (2006)
- Labor shifts and economic fluctuations
Working Paper, Federal Reserve Bank of Richmond View citations (8)
- 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)
2002
- Cyclical Movements in Hours and Effort under Sticky Wages
Macroeconomics, University Library of Munich, Germany View citations (1)
- Labor-Supply Shifts and Economic Fluctuations
Macroeconomics, University Library of Munich, Germany View citations (1)
See also Journal Article in Journal of Monetary Economics (2003)
- Learning by Doing as a Propagation Mechanism
Macroeconomics, University Library of Munich, Germany View citations (97)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (101)
See also Journal Article in American Economic Review (2002)
- 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)
- 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
- 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)
- Persistence
Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (4)
1999
- Understanding How Price Responds to Costs and Production
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (2000)
- Wages and the Allocation of Hours and Effort
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
Journal Articles
2020
- Cross-sectional and aggregate labor supply
European Economic Review, 2020, 126, (C) 
See also Working Paper (2019)
- 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
- 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 (3)
2018
- Labor Market Uncertainty and Portfolio Choice Puzzles
American Economic Journal: Macroeconomics, 2018, 10, (2), 222-62 View citations (10)
See also Working Paper (2014)
- Pareto Weights in Practice: A Quantitative Analysis of 32 OECD Countries
Review of Economic Dynamics, 2018, 28, 181-204 View citations (3)
See also Software Item (2017)
2016
- On the Aggregate Labor Supply: A Progress Report
Global Economic Review, 2016, 45, (3), 275-293
- The impacts of Dual Labour Markets on Unemployment and Productivity (in Korean)
Economic Analysis (Quarterly), 2016, 22, (1), 1-34
2015
- Asymmetric Phase Shifts in U.S. Industrial Production Cycles
The Review of Economics and Statistics, 2015, 97, (1), 116-133 View citations (3)
See also Working Paper (2011)
- 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 (1)
See also Working Paper (2011)
2014
- Heterogeneity and Aggregation: Implications for Labor-Market Fluctuations: Reply
American Economic Review, 2014, 104, (4), 1461-66 View citations (5)
2013
- Accounting for Global Dispersion of Current Accounts
Review of Economic Dynamics, 2013, 16, (3), 477-496 View citations (5)
See also Working Paper (2012) Software Item (2012)
- LABOR-MARKET HETEROGENEITY, AGGREGATION, AND POLICY (IN)VARIANCE OF DSGE MODEL PARAMETERS
Journal of the European Economic Association, 2013, 11, 193-220 View citations (15)
See also Working Paper (2012)
2012
- Comparative advantage and unemployment
Journal of Monetary Economics, 2012, 59, (2), 150-165 View citations (24)
See also Working Paper (2009)
- The Price of Egalitarianism
The B.E. Journal of Macroeconomics, 2012, 11, (1), 1-24 View citations (1)
See also Working Paper (2010)
2011
- Interpreting Labor Supply Regressions in a Model of Full- and Part-Time Work
American Economic Review, 2011, 101, (3), 476-81 View citations (14)
See also Working Paper (2011)
- Worker Heterogeneity and Endogenous Separations in a Matching Model of Unemployment Fluctuations
American Economic Journal: Macroeconomics, 2011, 3, (1), 128-54 View citations (36)
2009
- Can a Representative-Agent Model Represent a Heterogeneous-Agent Economy
American Economic Journal: Macroeconomics, 2009, 1, (2), 29-54 View citations (7)
See also Working Paper (2008)
- 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 (24)
2007
- Heterogeneity and Aggregation: Implications for Labor-Market Fluctuations
American Economic Review, 2007, 97, (5), 1939-1956 View citations (85)
- Non-stationary Hours in a DSGE Model
Journal of Money, Credit and Banking, 2007, 39, (6), 1357-1373 View citations (72)
Also in Journal of Money, Credit and Banking, 2007, 39, (6), 1357-1373 (2007) View citations (1)
See also Working Paper (2006)
2006
- Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment?
American Economic Review, 2006, 96, (1), 352-368 View citations (61)
See also Working Paper (2005)
- 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 (162)
See also Working Paper (2003)
2005
- On the aggregate labor supply
Economic Quarterly, 2005, 91, (Win), 21-37 View citations (11)
2004
- 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
- Labor-supply shifts and economic fluctuations
Journal of Monetary Economics, 2003, 50, (8), 1751-1768 View citations (79)
See also Working Paper (2002)
- 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
- Learning-by-Doing as a Propagation Mechanism
American Economic Review, 2002, 92, (5), 1498-1520 View citations (102)
See also Working Paper (2002)
2001
- Cyclical Movements in Hours and Effort Under Sticky Wages-super-*
International Economic Journal, 2001, 15, (2), 1-26 View citations (3)
- 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
- Comovement, excess volatility, and home production
Journal of Monetary Economics, 2000, 46, (2), 385-396 View citations (27)
- Understanding how price responds to costs and production
Carnegie-Rochester Conference Series on Public Policy, 2000, 52, (1), 33-77 View citations (24)
See also Working Paper (1999)
- Wages, business cycles, and comparative advantage
Journal of Monetary Economics, 2000, 46, (1), 143-171 View citations (16)
Software Items
2017
- 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
- 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)
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