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

SCHOLARLY PAPERS

29

DOWNLOADS
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Top 40,065

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1,859

SSRN CITATIONS
Rank 2,614

SSRN RANKINGS

Top 2,614

in Total Papers Citations

298

CROSSREF CITATIONS

203

Scholarly Papers (29)

1.

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

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 200 (227,924)
Citation 6

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Technology Shocks, Hours Fluctuations, Sticky Prices

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 142 (305,541)
Citation 36

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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 37 (657,149)
Citation 5

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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 19 (799,766)

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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 113 (363,154)
Citation 8

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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 41 (632,295)
Citation 1

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

4.
Downloads 152 (288,596)
Citation 19

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 114 (360,868)

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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 38 (650,801)
Citation 17

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

5.
Downloads 150 (291,789)
Citation 57

Learning-by-Doing as a Propagation Mechanism

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 126 (335,214)
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

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 (755,117)
Citation 10
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Learning by doing, business cycles, propagation, labour supply

6.
Downloads 125 (335,905)
Citation 31

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 93 (415,010)
Citation 10

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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 (691,423)
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Bayesian econometrics, DSGE models, non-stationary hours

7.

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 97 (400,580)
Citation 2

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

8.

Welfare Costs of Sticky Wages When Effort Can Respond

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 84 (438,348)

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9.

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 68 (493,477)
Citation 10

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Portfolio Choice, Labor-Market Uncertainty, Learning

10.

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 68 (493,477)

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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

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

Number of pages: 17 Posted: 03 Aug 2020
University of Rochester - Department of Economics, Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 25 (746,492)
Citation 1

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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
University of Rochester - Department of Economics, Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 23 (763,918)

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economic fluctuations, equilibrium model, consumption

12.

Understanding How Price Responds to Costs and Production

NBER Working Paper No. w7311
Number of pages: 56 Posted: 30 Apr 2000 Last Revised: 25 Dec 2022
Mark Bils and Yongsung Chang
University of Rochester - Department of Economics and University of Rochester - Department of Economics
Downloads 48 (580,982)

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13.
Downloads 47 (585,960)
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 32 (691,423)

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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 Last Revised: 12 Sep 2022
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 15 (838,006)

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14.

Income Volatility and Portfolio Choices

FRB Richmond Working Paper No. 20-01
Number of pages: 58 Posted: 16 Jul 2020
University of Rochester - Department of Economics, Seoul National University, Federal Reserve Banks - Federal Reserve Bank of Richmond and University of Oslo
Downloads 41 (618,231)

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Labor-Market Heterogeneity, Aggregation, and the Lucas Critique

NBER Working Paper No. w16401
Number of pages: 51 Posted: 27 Sep 2010 Last Revised: 26 Oct 2022
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 35 (670,415)

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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 (956,179)
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Aggregation, Fiscal Policy, Heterogeneous Agents Economy, Lucas Critique, Representative Agent Model

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 38 (635,405)
Citation 35

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aggregation, heterogeneity, incomplete market, preference shifts

17.

Comparative Advantage in Cyclical Unemployment

NBER Working Paper No. w13231
Number of pages: 55 Posted: 09 Jul 2007 Last Revised: 12 Sep 2022
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 38 (635,405)

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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
University of Rochester - Department of Economics, Federal Reserve Bank of Richmond and Federal Reserve Bank of Richmond
Downloads 35 (653,476)
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: 26 Jan 2023
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 33 (666,306)
Citation 12

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20.

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 32 (672,932)

Abstract:

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home production, time allocation, labor supply

21.

Heterogeneity and Cyclical Unemployment

NBER Working Paper No. w15166
Number of pages: 37 Posted: 21 Jul 2009 Last Revised: 11 Dec 2022
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 32 (672,932)

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22.

Wages and the Allocation of Hours and Effort

NBER Working Paper No. w7309
Number of pages: 52 Posted: 29 Mar 2000 Last Revised: 23 Dec 2022
Mark Bils and Yongsung Chang
University of Rochester - Department of Economics and University of Rochester - Department of Economics
Downloads 32 (672,932)

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23.

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 29 (693,791)

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24.

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 27 (708,362)

Abstract:

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technology shocks, hours fluctuations, sticky prices

25.

Cross-Sectional and Aggregate Labor Supply

ISER DP No. 1063, October 2019
Number of pages: 30 Posted: 28 Oct 2019
University of Rochester - Department of Economics, Yonsei University, Korea Development Institute (KDI) and Princeton University - Princeton School of Public and International Affairs
Downloads 24 (731,695)

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Hours, Employment, Cross-section, Business Cycles, Comparative Advantage

26.

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 Last Revised: 09 Oct 2022
University of Rochester - Department of Economics, Concordia University, Quebec - Department of Economics, Korea Development Institute (KDI) and Princeton University - Princeton School of Public and International Affairs
Downloads 18 (781,615)
Citation 4

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27.

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
University of Rochester - Department of Economics, Yonsei University, Korea Development Institute (KDI) and Princeton University - Princeton School of Public and International Affairs
Downloads 2 (943,228)
Citation 7

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28.

Comovement, Excess Volatility, and Home Production

Posted: 03 Feb 2002
Yongsung Chang
University of Rochester - Department of Economics

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29.

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