Calendrier du 08 juin 2017
Test
Du 08/06/2017 de 17:00 à 18:15
Campus jourdan,Bâtiment G, Rez de chaussée, Salle 8
BRICE Stephane (PARIS)
Test Seminiaire
Travail et économie publique externe
Du 08/06/2017 de 13:00 à 14:15
Salle R1-09, Nouveau Bâtiment, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
MORETTI Enrico (Berkeley)
*Who Benefits From Productivity Growth? The Local and Aggregate Impacts of Local TFP Shocks on Wages, Rents, and Inequality
Abstract.
We estimate who benefits from local productivity growth. We begin by using confidential plant-level data to calculate changes in manufacturing productivity by United States metropolitan areas (MSAs), and then predict changes in MSA productivity based on three alternative exogenous shocks: technological shocks, trade shocks and an MSAs' initial industry shares and subsequent national changes in productivity by industry. We find that local productivity growth benefits local landowners more than local workers, in percentage terms. Workers do benefit directly from local productivity growth, however, as there are positive net effects on real earnings. These local effects of TFP are different for skilled and unskilled workers: consistent with lower geographic mobility among less-educated workers, we estimate that TFP growth generates greater increases in the local number of more-educated workers and larger local wage increases for less-educated workers. Thus, local increases in TFP compress inequality at the local level (and local declines in TFP magnify inequality).
Geographic mobility induces general equilibrium effects from local changes in TFP, however, and so we then turn to the aggregate impacts of local changes in TFP. We find that a substantial portion (almost half) of the aggregate wage impacts accrue in cities indirectly affected through out-migration, particularly among more-mobile high-skill workers. By contrast, there is little aggregate impact on housing costs, as increases in cities directly impacted by TFP gains are offset by losses in other cities. Thus, the aggregate economic incidence of local productivity shocks falls entirely on workers. Overall, the aggregate economic incidence of local productivity growth differs importantly from the local incidence, and in a manner more skewed toward more-mobile high-skill workers.
Behavior seminar
Du 08/06/2017 de 12:00 à 13:00
JACQUEMET Nicolas ()
How do hospital-specialty characteristics influence health system responsiveness? An empirical evaluation of in-patient care in the Italian Region of Emilia-Romagna