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

29

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298

CROSSREF CITATIONS

203

Scholarly Papers (29)

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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

2.

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

Downloads 198 (229,978)
Citation 49

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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3.

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

Downloads 154 (285,507)
Citation 9

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.

Labor Supply Shifts and Economic Fluctuations

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.

Learning-by-Doing as a Propagation Mechanism

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.

Non-Stationary Hours in a DSGE Model

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

11.

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

Downloads 48 (580,982)
Citation 1

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

Number of pages: 17 Posted: 03 Aug 2020
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 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
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 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.

How Sticky Wages in Existing Jobs Can Affect Hiring

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
Yongsung Chang, JaeHwa Hong, Marios Karabarbounis and Yicheng Wang
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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15.

Labor-Market Heterogeneity, Aggregation, and the Lucas Critique

Downloads 39 (629,601)
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: 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
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 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)

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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)

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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
Yongsung Chang, Sun‐Bin Kim, Kyooho Kwon and Richard Rogerson
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
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 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
Yongsung Chang, Sun‐Bin Kim, Kyooho Kwon and Richard Rogerson
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