Calendrier du 14 mars 2022
Roy Seminar (ADRES)
Du 14/03/2022 de 17:00 à 18:15
Salle R1.09 - Campus Jourdan 75014 Paris
CURELLO Gregorio (U of Bonn )
Incentives for Collective Innovation
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Du 14/03/2022 de 13:00 à 14:00
MSE(106, Blv de l'Hôpital, salle Banquier: S03) 75013 Paris
BOCQUET Leonard (PSE)
The Network Origin of Slow Labor Reallocation
There is a growing concern that the reallocation of worker might be quite slow after trade or technological shocks. In this paper, I study the determinants of the speed of the worker reallocation process. My first contribution is to document the extent of frictions to occupational mobility thwarting the reallocation process. The basic idea is that skill dissimilarity prevents workers to achieve certain professional transitions. The originality of my approach is to view these frictions as representing a network, whose nodes are occupations and edges are possible occupational transitions. I find that this network is sparse, hinting at large frictions to occupational mobility, and that some highly central occupations have the potential to block the entire reallocation process. Second, I build a model of search and matching of the labor market, which I augment with an occupational network. I give an analytical characterization of the equilibrium and clarify how the occupational network shapes the distribution of equilibrium wages and tightness ratios. Perhaps surprisingly, I find that the steady-state worker distribution is quite similar to that of the standard model but that the transition dynamics are very different. I show that the model can account for transition dynamics which are two orders of magnitude slower than predicted by the standard model. Therefore, this model suggests an explanation for the sluggishness of labor market adjustments after certain shocks.
Régulation et Environnement
Du 14/03/2022 de 12:00 à 13:15
Salle R2.21, Campus Jourdan 75014 Paris
LAUKKANEN Marita (VATT)
*Vehicle scrappage subsidies as a climate policy tool: program effects on new car emission intensity