This paper presents an equilibrium theory that accounts for how cyclical patterns of employment and real wages vary between genders and across industries. Workers’ self-selection of industrial sectors, gender differences in comparative advantage among sectors, sector-nonneutral shocks, and...

This paper explains how cyclical patterns of employment vary between genders and across industries and how these two factors are related by gender differences in the industry distribution of workers. Evidence shows that men's employment is more procyclical than women's and that men's...

On the basis of the Korea Labor & Income Panel Study data over the period 1997 to 2008, this paper finds that real wages are strongly procyclical. For the same period, government-published aggregate real wages also show substantial procyclicality. Overall, measured real wage procyclicality in...

Evidence on recent trends in men’s earnings volatility from the Panel Study of Income Dynamics (PSID) has been found to be at odds with evidence from some other sources. This study adds evidence from the National Longitudinal Survey of Youth, which turns out to be more consistent with the PSID.