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“Inequality, Selection, and Efficiency in Labor Markets «, a cargo de Alessandra Pizzo (U. de Chile), joint work with B. Villena (University of Chile).

El Centro de Economía Aplicada del Departamento de Ingeniería Industrial y  El Instituto Milenio para la Investigación en Imperfecciones de Mercado y Políticas Publicas  de la Universidad de Chile, tienen el agrado de invitarlo a la presentación del paper:

 

“Inequality, Selection, and Efficiency in Labor Markets «, a cargo de Alessandra Pizzo (U. de Chile), joint work with B. Villena (University of Chile).

 

Abstract:

Everyday events such as hirings, layoffs, poachings, and promotions generate outcomes depending on the productivity of workers. While search frictions may attenuate the impact of pre-market worker productivity dispersion into wage inequality, the selectivity or screening of employer decisions tend to work in the opposite direction. Hence, labor market transitions may magnify the pre-market inequality effect into employment and wages. Moreover, we present some evidence showing a suggestive link between labor market flows and wage inequality.  To rationalize these facts, we construct and solve an equilibrium nonsequential search model with on-the-job search, in which selection plays a potentially large role to explain how labor markets act as a catalyst for wage and employment inequality. We also show that costly screening and search frictions generate a welfare-maximizing level of inequality and unemployment.

 

https://sites.google.com/site/alepizzo/

 

El seminario se realizará el MIERCOLES 5 DE DICIEMBRE a las 13:00hrs., en la SALA CONSEJO de BEAUCHEF 851, PISO 4, Depto. de Ingeniería Industrial.

 

Próximos seminarios CEA-MIPP MES DE DICIEMBRE

 

Gonzalo Cisternas (MIT Sloan)

Martes, 18 de diciembre; 13:30 – 14:30

Sala 316, piso 3, BP 851, DII

 

Asher Wolinsky (Northwestern University)

Miércoles, 19 de diciembre; 13:00 – 14:00

Sala Consejo, piso 4, BP 851, DII

 

Más información se encuentra disponible en nuestra página web: http://www.mipp.cl/seminars