Chang, Yongsung; Kim, Sun-Bin - In: American Economic Review 104 (2014) 4, pp. 1461-66
Takahashi (2014) has uncovered coding errors in our paper, Chang and Kim (2007)-henceforth, CK. We acknowledge and are embarrassed by these mistakes. We are grateful to Takahashi for uncovering them. While the correction decreases the volatility of the labor market wedge, we find that the main...