CASTRO, Rui; COEN-PIRANI, Daniele - Département de Sciences Économiques, Université de … - 2005
This paper documents and discusses a dramatic change in the cyclical behavior of aggregate hours worked by individuals with a college degree (skilled workers) since the mid-1980’s. Using the CPS outgoing rotation data set for the period 1979:1-2003:4, we find that the volatility of aggregate...