Yongsung Chang

University of Rochester - Department of Economics

Associate Professor

Harkness Hall

Rochester, NY 14627

United States

Yonsei University - Department of Economics

50 Yonsei-Ro

Seoul, 120-749

Korea

  • University of Rochester - Department of Economics

  • Yonsei University - Department of Economics

SCHOLARLY PAPERS

27

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CITATIONS
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153

Scholarly Papers (27)

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1.

On the Employment Effect of Technology: Evidence from Us Manufacturing for 1958-1996

PIER Working Paper No. 03-004
Number of pages: 35 Posted: 03 Feb 2003
Yongsung Chang and Jay H. Hong
University of Rochester - Department of Economics and University of Rochester - Department of Economics
Downloads 180 (166,281)
Citation 5

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Technology Shocks, Hours Fluctuations, Sticky Prices

2.

From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous-Agent Macroeconomy

Downloads 157 (187,205)
Citation 16

From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous-Agent Macroeconomy

PIER Working Paper No. 02-015
Number of pages: 38 Posted: 23 Jul 2002
Yongsung Chang and Sun-Bin Kim
University of Rochester - Department of Economics and Concordia University, Quebec - Department of Economics
Downloads 116 (238,887)
Citation 4

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Aggregate Labor-Supply Elasticity, Heterogeneity, Indivisible Labor

From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy

FRB Richmond Working Paper No. 03-5
Number of pages: 40 Posted: 03 Dec 2012
Yongsung Chang and Sun-Bin Kim
University of Rochester - Department of Economics and Concordia University, Quebec - Department of Economics
Downloads 23 (517,998)
Citation 2

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aggregate labor supply elasticity, heterogeneity, indivisible labor

From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy

International Economic Review, Vol. 47, No. 1, pp. 1-27, February 2006
Number of pages: 27 Posted: 21 Mar 2006
Yongsung Chang and Sun-Bin Kim
University of Rochester - Department of Economics and Concordia University, Quebec - Department of Economics
Downloads 18 (550,172)
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3.

Learning-by-Doing as a Propagation Mechanism

Downloads 130 (218,238)
Citation 45

Learning-by-Doing as a Propagation Mechanism

PIER Working Paper No. 01-023
Number of pages: 46 Posted: 27 Jul 2001
Yongsung Chang, Joao F. Gomes and Frank Schorfheide
University of Rochester - Department of Economics, The Wharton School and University of Pennsylvania - Department of Economics
Downloads 106 (254,876)
Citation 2

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Business-Cycle Fluctuations, Econometric Model Evaluation, Learning-by-Doing, Propagation of Shocks

Learning-by-Doing as a Propagation Mechanism

CEPR Discussion Paper No. 3599
Number of pages: 60 Posted: 22 Nov 2002
Yongsung Chang, Joao F. Gomes and Frank Schorfheide
University of Rochester - Department of Economics, The Wharton School and University of Pennsylvania - Department of Economics
Downloads 24 (511,882)
Citation 2
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Learning by doing, business cycles, propagation, labour supply

4.

Labor Supply Shifts and Economic Fluctuations

Downloads 126 (223,508)

Labor Supply Shifts and Economic Fluctuations

PIER Working Paper No. 00-002
Number of pages: 44 Posted: 07 Jun 2001
Yongsung Chang and Frank Schorfheide
University of Rochester - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 97 (270,952)

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Fluctuation of Hours, VAR Identification, Home Production, Bayesian Econometrics

Labor Supply Shifts and Economic Fluctuations

FRB Richmond Working Paper No. 03-7
Number of pages: 34 Posted: 03 Dec 2012
Yongsung Chang and Frank Schorfheide
University of Rochester - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 29 (482,606)

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labor-supply shifts, VAR, home production, Bayesian econometrics

5.

Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment?

Downloads 122 (229,063)
Citation 1

Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment?

FRB Philadelphia Working Paper No. 05-5
Number of pages: 33 Posted: 07 Apr 2005
Yongsung Chang and Jay H. Hong
University of Rochester - Department of Economics and University of Rochester - Department of Economics
Downloads 107 (253,176)
Citation 1

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Technology shocks, hours fluctuations, sticky prices

Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment?

FRB Richmond Working Paper No. 05-02
Number of pages: 33 Posted: 06 Dec 2012
Yongsung Chang and Jay H. Hong
University of Rochester - Department of Economics and University of Rochester - Department of Economics
Downloads 15 (569,652)
Citation 1

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technology shocks, hours fluctuations, total factor productivity, sticky prices

6.

Non-Stationary Hours in a DSGE Model

Downloads 113 (242,220)
Citation 30

Non-Stationary Hours in a DSGE Model

FRB Philadelphia Working Paper No. 06-3
Number of pages: 19 Posted: 07 Feb 2006
Yongsung Chang, Taeyoung Doh and Frank Schorfheide
University of Rochester - Department of Economics, Federal Reserve Bank of Kansas City and University of Pennsylvania - Department of Economics
Downloads 81 (304,143)
Citation 6

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Bayesian Econometrics, DSGE Models, Non-stationary Hours

Non-Stationary Hours in a DSGE Model

CEPR Discussion Paper No. 5232
Number of pages: 21 Posted: 24 Oct 2005
Yongsung Chang, Taeyoung Doh and Frank Schorfheide
University of Rochester - Department of Economics, Federal Reserve Bank of Kansas City and University of Pennsylvania - Department of Economics
Downloads 32 (467,103)
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Bayesian econometrics, DSGE models, non-stationary hours

7.

Welfare Costs of Sticky Wages When Effort Can Respond

PIER Working Paper No. 01-026
Number of pages: 31 Posted: 15 Aug 2001
Mark Bils and Yongsung Chang
University of Rochester - Department of Economics and University of Rochester - Department of Economics
Downloads 75 (315,282)

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8.

Transition Dynamics in the Neoclassical Growth Model: The Case of South Korea

FRB Richmond Working Paper No. 11-04R
Number of pages: 32 Posted: 18 Dec 2012 Last Revised: 28 Aug 2013
Yongsung Chang and Andreas Hornstein
University of Rochester - Department of Economics and Federal Reserve Bank of Richmond
Downloads 60 (354,838)

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neoclassical growth model, transition dynamics, industrialization, price of capital, South Korea

9.

Accounting for Global Dispersion of Current Accounts

IMF Working Paper No. 09/276
Number of pages: 34 Posted: 05 Jan 2010
Yongsung Chang, Sun-Bin Kim and Jaewoo Lee
University of Rochester - Department of Economics, Concordia University, Quebec - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 55 (370,211)

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Capital transactions, Consumer goods, Cross country analysis, Current account, Economic integration, Economic models, External shocks, International capital markets, International financial system, International trade

10.

Labor-Market Uncertainty and Portfolio Choice Puzzles

FRB Richmond Working Paper No. 14-13
Number of pages: 51 Posted: 25 Jun 2014
Yongsung Chang, Jay H. Hong and Marios Karabarbounis
University of Rochester - Department of Economics, University of Rochester - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 54 (373,413)

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Portfolio Choice, Labor-Market Uncertainty, Learning

11.

Understanding How Price Responds to Costs and Production

NBER Working Paper No. w7311
Number of pages: 56 Posted: 30 Apr 2000 Last Revised: 13 Oct 2010
Mark Bils and Yongsung Chang
University of Rochester - Department of Economics and University of Rochester - Department of Economics
Downloads 33 (451,201)

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12.

Labor-Market Heterogeneity, Aggregation, and the Lucas Critique

Downloads 28 (474,906)
Citation 1

Labor-Market Heterogeneity, Aggregation, and the Lucas Critique

NBER Working Paper No. w16401
Number of pages: 51 Posted: 27 Sep 2010 Last Revised: 17 Oct 2010
Yongsung Chang, Sun-Bin Kim and Frank Schorfheide
University of Rochester - Department of Economics, Concordia University, Quebec - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 24 (511,882)

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Labor-Market Heterogeneity, Aggregation, and the Lucas Critique

CEPR Discussion Paper No. DP8039
Number of pages: 53 Posted: 22 Nov 2010
Yongsung Chang and Frank Schorfheide
University of Rochester - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 4 (646,862)
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Aggregation, Fiscal Policy, Heterogeneous Agents Economy, Lucas Critique, Representative Agent Model

13.

Comparative Advantage in Cyclical Unemployment

NBER Working Paper No. w13231
Number of pages: 55 Posted: 09 Jul 2007 Last Revised: 28 Aug 2010
Mark Bils, Yongsung Chang and Sun-Bin Kim
University of Rochester - Department of Economics, University of Rochester - Department of Economics and Concordia University, Quebec - Department of Economics
Downloads 27 (480,068)

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14.

How Sticky Wages in Existing Jobs Can Affect Hiring

Downloads 25 (490,852)
Citation 2

How Sticky Wages in Existing Jobs Can Affect Hiring

FRB Atlanta CQER Working Paper No. 14-4
Number of pages: 49 Posted: 04 Apr 2015
Mark Bils, Yongsung Chang and Sun-Bin Kim
University of Rochester - Department of Economics, University of Rochester - Department of Economics and Concordia University, Quebec - Department of Economics
Downloads 17 (556,701)

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unemployment, sticky wages, effort

How Sticky Wages in Existing Jobs Can Affect Hiring

NBER Working Paper No. w19821
Number of pages: 50 Posted: 17 Jan 2014
Mark Bils, Yongsung Chang and Sun-Bin Kim
University of Rochester - Department of Economics, University of Rochester - Department of Economics and Concordia University, Quebec - Department of Economics
Downloads 8 (617,631)

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15.

Wages and the Allocation of Hours and Effort

NBER Working Paper No. w7309
Number of pages: 52 Posted: 29 Mar 2000 Last Revised: 05 May 2000
Mark Bils and Yongsung Chang
University of Rochester - Department of Economics and University of Rochester - Department of Economics
Downloads 24 (496,437)

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16.

Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference Shifts

FRB Richmond Working Paper No. 03-17
Number of pages: 25 Posted: 03 Dec 2012
Yongsung Chang and Sun-Bin Kim
University of Rochester - Department of Economics and Concordia University, Quebec - Department of Economics
Downloads 23 (501,923)
Citation 13

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aggregation, heterogeneity, incomplete market, preference shifts

17.

Home Production

FRB Richmond Working Paper No. 06-04
Number of pages: 11 Posted: 07 Dec 2012
Yongsung Chang and Andreas Hornstein
University of Rochester - Department of Economics and Federal Reserve Bank of Richmond
Downloads 22 (507,725)

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home production, time allocation, labor supply

18.

Understanding How Employment Responds to Productivity Shocks in a Model with Inventories

FRB Richmond Working Paper No. 06-06
Number of pages: 31 Posted: 07 Dec 2012
Yongsung Chang, Andreas Hornstein and Pierre-Daniel G. Sarte
University of Rochester - Department of Economics, Federal Reserve Bank of Richmond and Federal Reserve Bank of Richmond
Downloads 20 (519,341)
Citation 3

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productivity, employment, inventory investment, sticky prices

19.

Comparative Advantage and Unemployment

NBER Working Paper No. w15030
Number of pages: 35 Posted: 03 Jun 2009 Last Revised: 28 Jul 2010
Mark Bils, Yongsung Chang and Sun-Bin Kim
University of Rochester - Department of Economics, University of Rochester - Department of Economics and Concordia University, Quebec - Department of Economics
Downloads 20 (519,341)
Citation 2

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20.

On the Employment Effect of Technology: Evidence from U.S. Manufacturing for 1958-1996

FRB Richmond Working Paper No. 03-6
Number of pages: 34 Posted: 03 Dec 2012
Yongsung Chang and Jay H. Hong
University of Rochester - Department of Economics and University of Rochester - Department of Economics
Downloads 18 (531,022)
Citation 1

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technology shocks, hours fluctuations, sticky prices

21.

Heterogeneity and Cyclical Unemployment

NBER Working Paper No. w15166
Number of pages: 37 Posted: 21 Jul 2009 Last Revised: 11 Aug 2009
Mark Bils, Yongsung Chang and Sun-Bin Kim
University of Rochester - Department of Economics, University of Rochester - Department of Economics and Concordia University, Quebec - Department of Economics
Downloads 18 (531,022)

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22.

On the Aggregate Labor Supply

FRB Richmond Economic Quarterly, vol. 91, no. 1, Winter 2005, pp. 21-37
Number of pages: 17 Posted: 06 Dec 2012
Yongsung Chang and Sun-Bin Kim
University of Rochester - Department of Economics and Concordia University, Quebec - Department of Economics
Downloads 15 (548,527)

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23.

Labor-Market Wedge Under Engel Curve Utility: Cyclical Substitution between Necessities and Luxuries

FRB Richmond Working Paper No. 18-13
Number of pages: 16 Posted: 20 Aug 2018 Last Revised: 21 Feb 2019
Yongsung Chang, Andreas Hornstein and Marios Karabarbounis
University of Rochester - Department of Economics, Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 10 (579,335)

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economic fluctuations, equilibrium model, consumption

24.

Individual and Aggregate Labor Supply in Heterogeneous Agent Economies with Intensive and Extensive Margins

NBER Working Paper No. w24985
Number of pages: 44 Posted: 17 Sep 2018
Yongsung Chang, Sun-Bin Kim, Kyooho Kwon and Richard Rogerson
University of Rochester - Department of Economics, Concordia University, Quebec - Department of Economics, Korea Development Institute (KDI) and Arizona State University (ASU) - Economics Department
Downloads 2 (636,577)
Citation 2
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25.

2018 Klein Lecture: Individual and Aggregate Labor Supply in Heterogeneous Agent Economies with Intensive and Extensive Margins

International Economic Review, Vol. 60, Issue 1, pp. 3-24, 2019
Number of pages: 22 Posted: 20 Feb 2019
Yongsung Chang, Sun‐Bin Kim, Kyooho Kwon and Richard Rogerson
University of Rochester - Department of Economics, Yonsei University, Korea Development Institute (KDI) and Arizona State University (ASU) - Economics Department
Downloads 0 (667,153)
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26.

Comovement, Excess Volatility, and Home Production

Journal of Monetary Economics, Vol. 46, Issue 2, October 2000
Posted: 03 Feb 2002
Yongsung Chang
University of Rochester - Department of Economics

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27.

Wages, Business Cycles, and Comparative Advantage

Journal of Monetary Economics, Vol. 46, Issue 1, August 2000
Posted: 31 Aug 2001
Yongsung Chang
University of Rochester - Department of Economics

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Wages, Business cycles, Comparative advantage