63 lines
1.8 KiB
YAML
63 lines
1.8 KiB
YAML
abstract: 'Over the past few decades, the skilled-unskilled hours differential for
|
|
|
|
U.S. men increased when the skill premium rose sharply, in contrast with
|
|
|
|
dominant income effects. Based on PSID data, we show that over the
|
|
|
|
1967-2000 period, skilled men experienced a three times larger increase
|
|
|
|
in wage volatility than unskilled men. With the rise in wage volatility,
|
|
|
|
our general equilibrium incomplete markets model generates a 2.7 hours
|
|
|
|
increase in the hours differential whereas it increased by 1.4 hours in
|
|
|
|
the data. We find that hours adjustments are important for
|
|
|
|
self-insurance in the short run, whereas precautionary savings play a
|
|
|
|
crucial role eventually.'
|
|
affiliation: 'You, HM (Corresponding Author), Hanyang Univ, Coll Econ \& Finance,
|
|
222 Wangsimni Ro, Seoul 04763, South Korea.
|
|
|
|
Seoul Natl Univ, Seoul, South Korea.
|
|
|
|
Ewha Womans Univ, Seoul, South Korea.
|
|
|
|
Hanyang Univ, Seoul, South Korea.'
|
|
author: Hong, Jay H. and Seok, Byoung Hoon and You, Hye Mi
|
|
author-email: hyemi.you@gmail.com
|
|
author_list:
|
|
- family: Hong
|
|
given: Jay H.
|
|
- family: Seok
|
|
given: Byoung Hoon
|
|
- family: You
|
|
given: Hye Mi
|
|
da: '2023-09-28'
|
|
doi: 10.1111/iere.12363
|
|
eissn: 1468-2354
|
|
files: []
|
|
issn: 0020-6598
|
|
journal: INTERNATIONAL ECONOMIC REVIEW
|
|
keywords-plus: 'CONSUMPTION INEQUALITY; PRECAUTIONARY SAVINGS; TRENDS; INCOME;
|
|
|
|
PARTICIPATION; EMPLOYMENT; EARNINGS; RISK'
|
|
language: English
|
|
month: MAY
|
|
number: '2'
|
|
number-of-cited-references: '44'
|
|
orcid-numbers: You, Hye Mi/0000-0003-3308-1743
|
|
pages: 595-630
|
|
papis_id: 08a62af566e7d34697ba618ad1ba150a
|
|
ref: Hong2019wagevolatility
|
|
times-cited: '2'
|
|
title: WAGE VOLATILITY AND CHANGING PATTERNS OF LABOR SUPPLY
|
|
type: article
|
|
unique-id: WOS:000468796500004
|
|
usage-count-last-180-days: '1'
|
|
usage-count-since-2013: '10'
|
|
volume: '60'
|
|
web-of-science-categories: Economics
|
|
year: '2019'
|