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

Myungkyu Shim, Hee-Seung Yang

Research output: Contribution to journalArticleOtherpeer-review

1 Citation (Scopus)


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.
Original languageEnglish
Pages (from-to)75 - 78
Number of pages4
JournalEconomics Letters
Publication statusPublished - 2015

Cite this