Calendrier du 17 octobre 2024
Macroeconomics Seminar
Du 17/10/2024 de 16:00 à 17:15
PSE- 48 boulevard Jourdan, 75014 Paris, salle R2-21
CARRILLO-TUDELLA Carlos (U of Essex)
Matching through Search Channels
Firms and workers predominately match via job postings, networks of personal contacts or the public employment agency, all of which help to ameliorate labor market frictions. We investigate how firms' differential use of these search channels impacts workers' turnover, wage inequality and labor market sorting. Using novel linked survey-administrative data we document each channel's separate role for matching high-wage firms and high-wage workers and for job mobility. To evaluate the relevance of these search channels for employment, wages and sorting, we structurally estimate an equilibrium job ladder model featuring two-sided heterogeneity and endogenous recruitment effort in multiple search technologies. The estimation reveals that job postings are the most instrumental channel for positive worker-firm sorting. Although the public employment agency provides lower hiring rates for firms, its removal has sizeable consequences, with aggregate employment declining by 1.4 percent and rising bottom wage inequality, but little effect on sorting.
PEPES (Paris Empirical Political Economics) Working Group
Du 17/10/2024 de 12:30 à 13:45
R2-01
ANGELUCCI Charles (MIT Sloan School of Management)
*
brown bag Travail et Économie Publique
Du 17/10/2024 de 12:30 à 13:30
PSE- 48 boulevard Jourdan, 74014 Paris, salle R1-09
LEITE David (PSE)
*
Behavior seminar
Du 17/10/2024 de 11:00 à 12:00
R2-21
PRATI Alberto (University College London)
Is it possible to raise national happiness?
écrit avec Claudia Senik
We revisit the Easterlin paradox about the flatness of the happiness trend over the long run, in spite of sustained economic development. With a bounded scale that explicitly refers to “the best possible life for you” and the worst possible life for you, is it even possible to observe a rising trend in self-declared life satisfaction? We consider the possibility of rescaling, i.e. that the interpretation of the scale changes with the context in which respondents are placed. We propose a simple model of rescaling and reconstruct an index of latent happiness on the basis of retrospective reports included in unexploited archival data from the USA. We show that national well-being has substantially increased from the 1950s to the early 2000s, on par with GDP, health, education, and liberal democracy. We validate our new index on several datasets, and find that it captures important changes in personal life circumstances over and above nominal life satisfaction. Our model sheds light on several well-documented happiness puzzles, including why life satisfaction did not drop during the COVID-19 pandemic, why residents of Ukraine report the same life satisfaction today than before the war, why people obstinately think that they will be better off in the future, and why people take life-changing decisions - like having kids - that seem to make them less happy.