The implications of changes in hours fluctuations on welfare costs of business cycles

Myungkyu Shim and Hee-Seung Yang ()

Economics Letters, 2015, vol. 128, issue C, 75-78

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.

Keywords: Change in hours fluctuations; Welfare cost of business cycles; Heterogeneity in skills (search for similar items in EconPapers)
JEL-codes: E24 E32 J24 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:128:y:2015:i:c:p:75-78

DOI: 10.1016/j.econlet.2015.01.013

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