Comparative advantage and unemployment
By: Mark Bils, Yongsung Chang, Sun-Bin Kim.
Contributors: Chang, Yongsung, 1966-; Kim, Sun-Bin.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 15030; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15030.
Publisher: National Bureau of Economic Research
Published: 2009
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "We model unemployment allowing workers to differ by comparative advantage in market work.  Workers with comparative advantage are identified by who works more hours when employed.  This enables us to test the model by grouping workers based on their long-term wages and hours from panel data.  The model captures the greater cyclicality of employment for workers with low comparative advantage.  But the model fails to explain the magnitude of countercyclical separations for high-wage workers or the magnitude of procyclical findings for high-hours workers.  As a result, it only captures the cyclicality of the extensive, employment margin for low-wage, low-hours workers"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/9/2009.

Includes bibliographical references.

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