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Comparative Advantage in Cyclical Unemployment

  • Yongsung Chang

    (Seoul National University)

  • Sun-Bin Kim

    (Korea University)

  • Mark Bils

    (University of Rochester and NBER)

Separations are noticeably more countercyclical for workers who average shorter workweeks. This pattern is mirrored in wage cyclicality; wages are less procyclical for those who work shorter hours. But separations, counter to our model predictions, are not higher in recessions nor heavily concentrated on low-skilled workers during recessions.

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Paper provided by Society for Economic Dynamics in its series 2007 Meeting Papers with number 508.

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Date of creation: 2007
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Handle: RePEc:red:sed007:508
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Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA

Web page: http://www.EconomicDynamics.org/
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