Working papers

“Who are the Hand-to-Mouth?” (with Mark Aguiar and Corina Boar), May  2023.

“Labor Substitutability Among Schooling Groups” (with Baris Kaymak and Kai_Jie Wu), 2023.

"Population and Welfare: The Greatest Good for the Greatest Number” (with Mohamad Adhami, Chad Jones, and Pete Klenow), April 2023. 

Publications

"The Quality-Adjusted Cyclical Price of Labor” (with Marianna Kudlyak, and Paulo Lins,  Journal of Labor Economics, forthcoming.

"How Sticky Wages In Existing Jobs Can Affect Hiring" (with Yongsung Chang and Sun-Bin Kim),  American Economic Journal: Macroeconomics, January 2022.

"Misallocation or Mismeasurement?" (with Pete Klenow and Cian Ruane),  Journal of Monetary Economics, November 2021 .   Appendix to paper.

"Leisure Luxuries and the Labor Supply of Young Men" (with Mark Aguiar, Kerwin Charles, and Erik Hurst), Journal of Political Economy, February 2021.

“Resurrecting the Role of the Product Market Wedge in Recessions” (together with Pete Klenow and Benjamin Malin), American Economic Review, April 2018.

“Deducing Markups from Stockout Behavior,” Research in Economics, June 2016.

“Has Consumption Inequality Mirrored Income Inequality,” (together with Mark Aguiar), American Economic Review, September, 2015.

“Testing for Keynesian Labor Demand,” (together with Peter Klenow and Benjamin Malin), NBER Macroeconomics Annual 2012, May 2013.

“Reset Price Inflation and the Impact of Monetary Policy” (together with Peter Klenow and Benjamin Malin), American Economics Review, October 2012.

“Comparative Advantage and Unemployment” (together with Yongsung Chang and Sun-Bin Kim), Journal of Monetary Economics, March 2012.

“Worker Heterogeneity and Endogenous Separations in a Matching Model of Unemployment Fluctuations” (together with Yongsung Chang and Sun-Bin Kim), American Economic Journal: Macroeconomics, January 2011.

“Do Higher Prices for New Goods Reflect Quality Growth or Inflation,” Quarterly Journal of Economics, May 2009

“Some Evidence on the Importance of Sticky Prices” (together with Peter Klenow), Journal of Political Economy, October 2004.

“Welfare Costs of Sticky Wages When Effort Can Respond” (together with Yongsung Chang), Journal of Monetary Economics, March 2003.

“Sticky Prices and Monetary Policy Shocks" (together with Pete Klenow and Oleksiy Kryvtsov), The Quarterly Review, Federal Reserve Bank of Minneapolis, Winter 2003.

“Quantifying Quality Growth” (together with Peter Klenow), American Economic Review, September 2001.

“The Acceleration in Variety Growth” (together with Peter Klenow), American Economic Review Papers and Proceedings, May 2001.

“Cyclical Movements in Hours and Effort Under Sticky Wages” (together with Yongsung Chang) International Economic Journal, Summer 2001.

"Inter-Industry Mobility and the Cyclical Upgrading of Labor" (together with Ken McLaughlin), Journal of Labor Economics, January 2001.

"Does Schooling Cause Growth?" (together with Peter Klenow), American Economic Review, December 2000.

“Understanding How Price Responds to Costs and Production” (together with Yongsung Chang), Carnegie-Rochester Series on Public Policy, Fall 2000.

"What Inventory Behavior Tells Us about Business Cycles?" (together with James Kahn), American Economic Review, June 2000.

"Using Consumer Theory To Test Competing Business Cycle Models" (together with Peter Klenow), Journal of Political Economy, April 1998.

"Cyclical Factor Utilization" (together with Jang-Ok Cho), Journal of Monetary Economics, March 1994.

"Testing for Contracting Effects on Employment," Quarterly Journal of Economics, November 1991.

"Indexation and Contract Length in U.S. Manufacturing," in Structural Changes in U.S. Labor Markets, New York: M.E. Sharpe, 1991.

"Wage and Employment Patterns in Long-term Contracts When Labor is Quasi-fixed," NBER Macroeconomics Annual 1990, M.I.T. Press, publisher.

"Selling Versus Producing in Market Fluctuations," Carnegie-Rochester Series on Public Policy, Autumn 1990.

"Pricing in a Customer Market," Quarterly Journal of Economics, November 1989.

"The Cyclical Behavior of Marginal Cost and Price," American Economic Review, December 1987.

"Real Wages Over the Business Cycle: Evidence From Panel Data," Journal of Political Economy, August 1985.

"Tariff Protection and Production in the Early U.S. Cotton Textile Industry," Journal of Economic History, December 1984.

Older working papers

“Explaining Schooling Differences across Countries” (together with Pete Klenow) (Inactive)

“Measuring Returns to Scale from Shift Practices in Manufacturing” (Inactive)

“Cyclical Pricing of Durables” (Inactive)

"Cyclical Behavior of Inventories And Time to Build In the New Housing Market?" (together with James Kahn) (Inactive)

Published comments

Discussion of “Secular Changes in Employment of Older Individuals.” NBER Macroannual, 2021.

Discussion of “What is Natural About Unemployment,” in Reevaluating Labor Market Dynamics, Symposium Sponsored by the Federal Reserve Bank of Kansas City, 2014

Discussion of “How Large Are Human Capital Extenalities?” NBER Macroannual, 2000.

Discussion of “Technology and Business Cycles,” in Beyond Shocks: What Causes Business Cycles, Federal Reserve Bank of Boston Conference Series, 1998.

Discussion of “Are Data on Industry Evolution and Gross Job Turnover Relevant for Macroeconomics,” Carnegie-Rochester Series on Public Policy, Spring 1995.

Discussion of “Equilibrium Interpretations of Employment and Real Wage Fluctuations,” in Stanley Fischer, ed., NBER Macroeconomics Annual, 1988.