We host different speakers at our Economic Theory & Policy Seminar. 

Upcoming topics and speakers will be posted below.

11. November 2024, 16:00 until 17:30

Theory & Policy Seminar / Sena Coskun (FAU Erlangen-Nürnberg) / Trends in Work and Leisure: It’s a Family Affair

Seminar

Sena Coskun will give a talk at our Economic Theory and Policy Seminar.

Sena Coskun, opens an external URL in a new window (FAU Erlangen-Nürnberg)

"Trends in Work and Leisure: It’s a Family Affair” (with Titan Alon and Matthias Doepke)

In recent decades, the correlation between U.S. men’s wages and hours worked has reversed: low-wage men used to work the longest hours, whereas today it is men with the highest wages who work the most. This changing correlation accounts for roughly 30 percent of the rise in the variance of male earnings between 1975 and 2015. In this paper, we rationalize these trends in a model of joint household labor supply. Our quantitative model generates similar changes to what is observed in the data as a reaction to shifts in women’s education and labor supply, the gender gap, and assortative mating. Our model is consistent with the observations that the changing wage-hours correlation among men is driven by married men, and that there is little change in the wage-hours correlation among employed women and at the household level. The results suggest that taking into account joint household decision making is essential for understanding the dynamics of labor supply.

 

Calendar entry

Event location

TU Wien, ECON
1040 Vienna
Wiedner Hauptstr. 8-10, Seminarroom: DB04 (Freihaus Building, yellow area, 4th floor)

 

Organiser

ECON
Julia Hutter
julia.hutter@tuwien.ac.at

 

Public

Yes

 

Entrance fee

No

 

Registration required

No

Theory & Policy Seminar / Sena Coskun (FAU Erlangen-Nürnberg) / Trends in Work and Leisure: It’s a Family Affair

Sena Coskun will give a talk at our Economic Theory and Policy Seminar.

Sena Coskun, opens an external URL in a new window (FAU Erlangen-Nürnberg)

"Trends in Work and Leisure: It’s a Family Affair” (with Titan Alon and Matthias Doepke)

In recent decades, the correlation between U.S. men’s wages and hours worked has reversed: low-wage men used to work the longest hours, whereas today it is men with the highest wages who work the most. This changing correlation accounts for roughly 30 percent of the rise in the variance of male earnings between 1975 and 2015. In this paper, we rationalize these trends in a model of joint household labor supply. Our quantitative model generates similar changes to what is observed in the data as a reaction to shifts in women’s education and labor supply, the gender gap, and assortative mating. Our model is consistent with the observations that the changing wage-hours correlation among men is driven by married men, and that there is little change in the wage-hours correlation among employed women and at the household level. The results suggest that taking into account joint household decision making is essential for understanding the dynamics of labor supply.