NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Heterogeneity and Cyclical Unemployment

Mark Bils, Yongsung Chang, Sun-Bin Kim

NBER Working Paper No. 15166
Issued in July 2009

---- Acknowledgements -----

We thank Evgenia Dechter for her excellent research assistance; we than Mark Aguiar, Ricardo Lagos, Iourii Manovskii, Richard Rogerson, and Randy Wright for helpful suggestions. Kim acknowledges financial support from the Korea Research Foundation Grant (MOEHRD) KRF-2007-332-B0060. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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