The relation between skill levels and the cyclical variability of employment, hours and wages

Preprint OPEN
Michael P. Keane ; Eswar S. Prasad (1991)
  • Subject: Wages;wage, employment, worker, unemployment | Employment (Economic theory) ; Wages ; Business cycles
    mesheuropmc: education | health care economics and organizations

This paper uses micro data to examine differences in the cyclical variability of employment, hours, and wages for skilled and unskilled workers. Contrary to conventional wisdom, we find that, at the aggregate level, skilled and unskilled workers are subject to essential... View more
Share - Bookmark