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The Review of Economics and Statistics, ISSN 0034-6535, 2/2007, Volume 89, Issue 1, pp. 44 - 59
We present a simple theory-based measure of the variations in aggregate economic efficiency: the gap between the marginal product of labor and the household's... 
Labor costs | Steady state economies | Economic fluctuations | Markups | Countercyclicality | Marginal costs | Price fluctuations | Economic costs | Economic recessions | Cost efficiency | WAGES | PRICE | MODELS | CYCLES | MONETARY-POLICY | SOCIAL SCIENCES, MATHEMATICAL METHODS | TIME | ECONOMICS | STICKY | CONSUMPTION | UNEMPLOYMENT
Journal Article
The American Economic Review, ISSN 0002-8282, 6/2007, Volume 97, Issue 3, pp. 664 - 686
Journal Article
The American Economic Review, ISSN 0002-8282, 09/2004, Volume 94, Issue 4, pp. 964 - 990
Journal Article
Bulletin of Economic Research, ISSN 0307-3378, 10/2014, Volume 66, Issue 4, pp. 346 - 357
ABSTRACT The paper, using a simple theory‐based measure of the variations in aggregate economic efficiency in a New Keynessian structure, analyses the nature... 
countercyclical markups | welfare costs | business cycles | E32 | Business cycles | Welfare costs | Countercyclical markups | ECONOMICS
Journal Article
Economic Modelling, ISSN 0264-9993, 09/2016, Volume 57, pp. 248 - 262
In many countries, business cycle fluctuations of unemployment rate among youth are much higher than that of other cohorts. We investigate how this life-cycle... 
Youth | Business cycle | Welfare | Unemployment | Overlapping generations | COST | ECONOMICS | Teenagers | Business cycles | Statistics | Analysis
Journal Article
Economics letters, ISSN 0165-1765, 2015, Volume 128, Issue March, pp. 75 - 78
Hours volatility has changed non-monotonically across skill groups since the mid-1980s. The welfare cost of business cycles of mid-skilled workers became... 
Arbeitszeitentwicklung | USA | Soziale Kosten | Öffentliche Ausgaben | Qualifikation | Hoch Qualifizierter | Niedrig Qualifizierter | Konjunkturabhängigkeit | Mittlerer Schulabschluss | Sozialausgaben | Konjunkturzyklus | Welfare cost of business cycles | Change in hours fluctuations | Heterogeneity in skills | ECONOMICS | Business cycles | Skilled labor
Journal Article
The American Economic Review, ISSN 0002-8282, 03/2009, Volume 99, Issue 1, pp. 243 - 264
Journal Article
Review of Economic Dynamics, ISSN 1094-2025, 04/2015, Volume 18, Issue 2, pp. 185 - 200
We study the welfare implications of uncertainty in business cycle models. In the modern business cycle literature, multiplicative real shocks to production... 
Fluctuations effect | Multiplicative productivity shocks | Business cycles | Mean effect | Welfare costs | INTERTEMPORAL SUBSTITUTION | INSURANCE | TIME | MODEL | INCREASING RISK | AGGREGATE FLUCTUATIONS | COST | GROWTH | MACROECONOMICS | ECONOMICS | LABOR | Analysis
Journal Article
Journal of Economic Growth, ISSN 1381-4338, 9/2011, Volume 16, Issue 3, pp. 257 - 283
Journal Article
The American Economic Review, ISSN 0002-8282, 9/2007, Volume 97, Issue 4, pp. 1488 - 1506
We measure the welfare gain from removing aggregate consumption fluctuations in a model where each individual faces incomplete consumption insurance. We show... 
Risk aversion | Consumption | Economic fluctuations | Aggregate income | Consumer economics | Random walk | Welfare economics | Short Papers | Business risks | Aggregate economy | Idiosyncratic risk | ECONOMIES | DYNAMICS | ECONOMICS | WAGES | Consumption (Economics) | Research | Business cycles | Studies | Economic models | Risk
Journal Article
Review of Economic Dynamics, ISSN 1094-2025, 04/2016, Volume 20, pp. 1 - 24
Journal Article
Journal of Environmental Economics and Management, ISSN 0095-0696, 2011, Volume 62, Issue 3, pp. 352 - 366
Journal Article
Journal of Economic Dynamics and Control, ISSN 0165-1889, 02/2014, Volume 39, pp. 62 - 78
The main objective of this paper is to propose a novel setup that allows estimating separately the welfare costs of the uncertainty stemming from... 
Beveridge–Nelson decomposition | Unobserved-component model | Business cycles fluctuations | Welfare costs | Economic-growth variation | Beveridge-Nelson decomposition | PERMANENT INCOME HYPOTHESIS | COMPONENTS | RISK | ASSET PRICES | TRENDS | POLICY | PREFERENCES | TIME-SERIES | ECONOMICS | SCIENCE | CONSUMPTION | Business cycles | Economic aspects
Journal Article
Review of Economic Dynamics, ISSN 1094-2025, 2010, Volume 13, Issue 4, pp. 759 - 779
We investigate the welfare cost of business cycles implied by matching frictions. First, using the reduced form of the matching model, we show that job finding... 
Matching | Business cycle costs | Unemployment dynamics | ENDOGENOUS GROWTH | CYCLICAL BEHAVIOR | INSURANCE | RISK | LABOR-MARKET | WELFARE COST | WAGE STICKINESS | VACANCIES | ECONOMICS | EQUILIBRIUM UNEMPLOYMENT | VOLATILITY | Business cycles | Unemployment | Analysis | United States economic conditions | Economics and Finance | Humanities and Social Sciences
Journal Article
2012, Directions in development. Human development., ISBN 9780821395479, xxi, 292
The successful development of children and young people requires that we protect and nurture a set of interrelated physiological, cognitive, and... 
Business cycles | Child welfare | Economic aspects | Youth | Children | Financial crises | Social aspects | Social conditions | Public Policy | SOC047000 - SOCIAL SCIENCE | Health, Nutrition, and Population | Education | Social Security | POL027000 - POLITICAL SCIENCE | health-psychology-human development-children-economic crisis-education-adolescence-development psychology-human capital-youth-social protection | Childrens Studies | Social Protections and Labor | LABOR MARKETS | SERVICE DELIVERY | FAMILY BACKGROUND | MORBIDITY | ENVIRONMENTAL SUSTAINABILITY | HUMAN DEVELOPMENT | POLICY ANALYSIS | EFFECTIVE POLICIES | ECONOMIC GROWTH | POLICY RESEARCH WORKING PAPER | PUBLIC POLICY | INVOLUNTARY UNEMPLOYMENT | PREGNANCY | SAFETY NET | EARLY CHILDHOOD | PRIMARY CAREGIVERS | MALARIA | NATIONAL LEVEL | HOUSEHOLD SURVEYS | DISASTERS | SCHOOL ATTENDANCE | MORTALITY | HEALTHY DEVELOPMENT | ENVIRONMENTAL | SEX | VULNERABILITY | SCHOOLS | DROPOUT | DEVELOPING COUNTRIES | FERTILITY | RACISM | FAMILY RELATIONSHIPS | HOUSEHOLD LEVEL | DECISION MAKING | YOUTH VIOLENCE | MARGINAL BENEFITS | SOCIAL POLICY | SOCIAL INTERVENTION | ANXIETY | DEMOCRACY | BIRTH WEIGHT | CHILD HEALTH | FAMILY STRUCTURES | ECOLOGY | EMPLOYMENT OPPORTUNITIES | YOUTH UNEMPLOYMENT | EMPIRICAL EVIDENCE | SKILLS DEVELOPMENT | FAMILY TENSION | ECONOMIC CONDITIONS | RISKY BEHAVIOR | YOUTH DEVELOPMENT | COMMUNITY LIFE | LONGITUDINAL RESEARCH | POSTNATAL DEPRESSION | DEBT | SOCIAL CONDITIONS | PSYCHOLOGISTS | NATURAL DISASTER | ADOLESCENT | RESEARCH COMMUNITY | HEALTHY CHOICES | RISK REDUCTION | ADULT ROLE MODELS | FAMILIES | CIVIL SOCIETY ORGANIZATIONS | FAMILY MEMBERS | INFANT | EMOTIONAL DEVELOPMENT | SOCIOECONOMIC STATUS | SUBSTANCE USE | INDIVIDUAL HOUSEHOLDS | TOXINS | CHILD REARING | CHILD WELFARE | CULTURAL CHANGE | LABOR MARKET | OBESITY | FAMILY RESOURCES | EMOTIONAL PROBLEMS | POPULATION STUDIES | DROPOUTS | QUALITY OF EDUCATION | SOCIAL EXPECTATIONS | ECONOMISTS | WAGES | LABOR SUPPLY | LOW BIRTH WEIGHT | JOURNAL OF MARRIAGE | GLOBAL DEVELOPMENT | SOCIAL SECTOR | EXPENDITURES | PROGRESS | SOCIAL SCIENCE | SPILLOVER | ECONOMIC DEVELOPMENT | SEXUALITY | DEPRESSION | HEALTHY CHILDREN | FAMILY INCOME | MALE YOUTH | SOCIAL INSTITUTIONS | SUSTAINABLE DEVELOPMENT | YOUNG WORKERS | VIOLENCE | POLICY RESEARCH | YOUNG PEOPLE | YOUTH EMPLOYMENT | HEALTH CARE | YOUTH-FOCUSED INTERVENTIONS | TEEN | EPIDEMIOLOGY | CHILD LABOR | NATIONAL HEALTH | REMITTANCES | GROSS DOMESTIC PRODUCT | POLICY IMPLICATIONS | AMNIOTIC FLUID | CITIZENS | PRACTITIONERS | ADOLESCENT DEVELOPMENT | YOUNG PEOPLE LEAVE SCHOOL | YOUNG CHILD | ETHNIC GROUPS | IMMIGRANT | CHILD DEVELOPMENT | POLITICAL ECONOMY | EMPIRICAL STUDIES | GLOBAL HEALTH | MOTHER | LIMITED RESOURCES | SUBSTANCE ABUSE | SELF-REGULATION | MENTAL HEALTH PROBLEMS | ECONOMIC CHANGE | SOCIAL UPHEAVAL | NUTRITION | GIRLS | YOUNG PERSON | MENTAL DISORDERS | FOOD SECURITY | PEER RELATIONSHIPS | DEVELOPMENT POLICY | SOCIAL CHANGE | BLUEPRINT | SOCIAL PROBLEM | CHILD LABOUR | PUBLIC SERVICE | RELATIONSHIPS WITH PARENTS | ISOLATION | GENDER ROLES | SOCIAL SCIENCES | OFFICIAL DEVELOPMENT ASSISTANCE | INTERVENTION | MENTAL | ADOLESCENT BEHAVIOR | CONCEPTUAL FRAMEWORK | TEEN PREGNANCIES | OLDER CHILDREN | PSYCHIATRY | SIBLINGS | ELDERLY | INTERNATIONAL JOURNAL OF EPIDEMIOLOGY | ADOLESCENCE | DEVELOPMENTAL PSYCHOLOGY | ADOLESCENTS | LEGAL STATUS | LAM | MILLENNIUM DEVELOPMENT GOALS | NATURAL DISASTERS | SAFETY NETS | BUSINESS CYCLES | MENTAL HEALTH | MARGINAL COSTS | RESPECT | PERSONAL RELATIONSHIPS | YOUNG CHILDREN | SOCIAL UNREST | ENVIRONMENTS | LOW-INCOME COUNTRIES | ADULTHOOD | PARENTING | POLICY RESPONSE | EXPLOITATION | COGNITIVE DEVELOPMENT | RESEARCH PROGRAM | HOUSEHOLD INCOME | YOUTH | GENDER EQUALITY | EARLY ADOLESCENCE | LABOUR MARKET | LABOR FORCE | EDUCATIONAL ATTAINMENT | INTERNATIONAL ORGANIZATIONS | CHILD MORTALITY | PSYCHOLOGY | HUMAN CAPITAL | PREGNANT WOMEN | PEDIATRICS | PERINATAL CARE | TECHNICAL SKILLS | UNEMPLOYMENT | STATE UNIVERSITY | FOREIGN DIRECT INVESTMENT | POLYGAMY | INTERGENERATIONAL TRANSMISSION | POLICY MAKERS | ECONOMIC CHANGES | ECONOMICS | PSYCHOLOGICAL HEALTH | EMPIRICAL RESEARCH | CONGENITAL ANOMALIES | HORMONES
Book
Quantitative Economics, ISSN 1759-7323, 07/2014, Volume 5, Issue 2, pp. 297 - 349
This paper develops a model according to which the costs of business cycles are nontrivial because they reduce the average level of output. The reason is an... 
Agency problem | welfare | E32 | E24 | permanent job loss | Welfare | Permanent job loss | ENDOGENOUS GROWTH | CYCLICAL BEHAVIOR | RISK | WELFARE COST | FLUCTUATIONS | VACANCIES | ECONOMICS | VOLATILITY | UTILITY | UNEMPLOYMENT | Economic models | Costs | Business cycles | Job creation | Discontinued | Gross Domestic Product--GDP | Agency
Journal Article