Economists

Yongsung Chang

A professor of economics at Seoul National University, Yongsung Chang is a long-term consultant in the Research Department at the Federal Reserve Bank of Richmond. He was a senior economist at the Richmond Fed from 2003 to 2004.

Bank Publications

Economic Quarterly, First Quarter 2020

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

Yongsung Chang, Andreas Hornstein and Marios Karabarbounis

Economic Quarterly, Winter 2005

On the Aggregate Labor Supply

Yongsung Chang and Sun-Bin Kim
Working Papers

March 2020, No. 20-01R

Income Volatility and Portfolio Choices (Revised September 2020)

Yongsung Chang, Jay H. Hong, Marios Karabarbounis, Yicheng Wang and Tao Zhang

July 2018, No. 18-13

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

Yongsung Chang, Andreas Hornstein and Marios Karabarbounis

June 2014, No. 14-13R

Labor-Market Uncertainty and Portfolio Choice Puzzles (Revised July 2017)

Yongsung Chang, Jay H. Hong and Marios Karabarbounis

August 2011, No. 11-04R

Transition Dynamics in the Neoclassical Growth Model: The Case of South Korea (Revised August 2013)

Yongsung Chang and Andreas Hornstein

August 2006, No. 06-6

Understanding How Employment Responds to Productivity Shocks in a Model with Inventories

Yongsung Chang, Andreas Hornstein and Pierre-Daniel G. Sarte

May 2006, No. 06-4

Home Production

Yongsung Chang and Andreas Hornstein

April 2005, No. 05-2

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

Yongsung Chang and Jay H. Hong

December 2004, No. 04-9

Productivity, Employment, and Inventories

Pierre-Daniel G. Sarte, Andreas Hornstein and Yongsung Chang

January 2004, No. 03-17

Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference Shifts

Yongsung Chang and Sun-Bin Kim

July 2003, No. 03-7

Labor Supply Shifts and Economic Fluctuations

Yongsung Chang and Frank Schorfheide

July 2003, No. 03-6

On the Employment Effect of Technology: Evidence from U.S. Manufacturing for 1958-1996

Yongsung Chang and Jay H. Hong

July 2003, No. 03-5

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

Yongsung Chang and Sun-Bin Kim

Contact Us

Research Department (804) 697-8000

Economists

Yongsung Chang

phone Contact Us

Economists

Yongsung Chang

Contact Us