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Applied Microeconomics

Applied Microeconomics

The Applied Microeconomics research group unites researchers working on a broad array of topics within such areas as labour economics, economics of education, health economics, family economics, urban economics, environmental economics, and the economics of science and innovation. The group operates in close collaboration with the CAGE Research Centre.

The group participates in the CAGE seminar on Applied Economics, which runs weekly on Tuesdays at 2:15pm. Students and faculty members of the group present their ongoing work in two brown bag seminars, held weekly on Tuesdays and Wednesdays at 1pm. Students, in collaboration with faculty members, also organise a bi-weekly reading group in applied econometrics on Thursdays at 1pm. The group organises numerous events throughout the year, including the Research Away Day and several thematic workshops.

Our activities

Work in Progress seminars

Tuesdays and Wednesdays 1-2pm

Students and faculty members of the group present their work in progress in two brown bag seminars. See below for a detailed scheduled of speakers.

Applied Econometrics reading group

Thursdays (bi-weekly) 1-2pm

Organised by students in collaboration with faculty members. See the Events calendar below for further details

People

Academics

Academics associated with the Applied Microeconomics Group are:


Natalia Zinovyeva

Co-ordinator

Manuel Bagues

Deputy Co-ordinator


Events

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CAGE-AMES Workshop - Rigissa Megalokonomou

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Location: S2.77 Cowling Room

Title of paper "Human Capital Depreciation: Evidence from Teachers Waitlists" with Dinerstein (Chicago) and Yannelis (Chicago Booth)

 Abstract: Human, like physical capital, can depreciate over time if skills are unused. Measuring human capital depreciation is difficult, both because productivity is inherently difficult to measure, and because less productive workers are more likely to spend time out of the labor force. We overcome both concerns by using new data on teachers and their assignments. In Greece, all education graduates are guaranteed public sector positions; however positions are typically not immediately available for new graduates. Teachers are quasi-randomly assigned to waitlists by degree date, generating variation in time spent out of the labor forces. We find significant human capital depreciation, as a one year increase in the average time spent out of the labor force leads to a 0.11 standard deviation decline in students’ average test scores in standardised high-stake exams. Effects are stronger for the first few years out of the labor force and for experienced teachers.

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