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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162

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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 178 (165,796)

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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 155 (186,799)

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 (235,957)

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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 21 (523,156)

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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 (542,166)
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3.

Learning-by-Doing as a Propagation Mechanism

Downloads 128 (218,114)

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 104 (255,215)

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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 (504,502)
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Learning by doing, business cycles, propagation, labour supply

4.

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

Downloads 122 (226,095)

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 (250,095)

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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 (561,433)

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

5.

Labor Supply Shifts and Economic Fluctuations

Downloads 121 (227,580)

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 95 (271,384)

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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 26 (492,517)

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

6.

Non-Stationary Hours in a DSGE Model

Downloads 109 (245,505)

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 77 (309,649)

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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 (460,576)
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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 74 (313,700)

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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 59 (353,214)

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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 (365,370)

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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 52 (374,791)

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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 32 (449,490)

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12.

Labor-Market Heterogeneity, Aggregation, and the Lucas Critique

Downloads 26 (478,670)

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 22 (516,852)

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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 (636,012)
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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 26 (478,670)

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14.

How Sticky Wages in Existing Jobs Can Affect Hiring

Downloads 23 (494,979)

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 16 (554,936)

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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 7 (614,600)

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15.

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 (494,979)

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aggregation, heterogeneity, incomplete market, preference shifts

16.

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 23 (494,979)

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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 21 (506,337)

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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 19 (517,789)

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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 19 (517,789)

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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 (523,548)

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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 17 (529,284)

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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 (540,772)

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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 9 (576,611)

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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 (625,656)
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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 (656,222)
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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