Veranstaltungen

11. Mai 2023, 17:00 bis 18:30

Theory and Policy Seminar / Zsófia L. Bárány (CEU) / Technological changes and the labor market - Ageneral equilibrium model with multidimensional skills

Andere

Theory and Policy Seminar Series of the Economics Research Unit

Zsófia L. Bárány, öffnet eine externe URL in einem neuen Fenster
(joint work with Moshe Buchinsky and Tamás K. Papp)

In this paper we develop and estimate a multi-sector general equilibrium growth model of education and sector-occupation choices over the life cycle. The model incorporates the task-based approach by representing jobs in different sector-occupation pairs as different bundles of tasks, requiring specific skillsets of workers. Workers are born with heterogeneous endowments of skills thatcan be improved over time by schooling and on-the-job accumulation of human capital. They supply their entire bundle of skills to a single job according toa Roy-type sorting model where their selections are along the multi-dimensional vector of skills that they possess. We use data from several U.S. sources thatallow us to estimate parameters that correspond to both the decision process of the individuals as well as the parameters that correspond to the production side of the economy. The general equilibrium nature of the model allows us to conduct several policy counterfactuals that take full account of the responses in the economy.

Kalendereintrag

Veranstaltungsort


1040 Vienna
TU Wien - Economics, Wiedner Hauptstraße 8, (Seminarroom DB04 gelb, Freihaus Buidling, yellow area, 4th floor)

 

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