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BEGIN:VEVENT
DTSTAMP:20260506T213035Z
DTSTART;VALUE=DATE-TIME:20211202T150000
DTEND;VALUE=DATE-TIME:20211202T163000
SUMMARY:Macro/International Economics Seminar - David Zentler-Munro (Esse
 x)
TZID:Europe/London
UID:20211202-8a17841a7b77d8a1017be8a72f395af7@warwick.ac.uk
CREATED:20211125T114130Z
DESCRIPTION:The title and link for David’s talk will be Rising Wage Inequ
 ality: Technological Change and Search Frictions. Abstract: This paper e
 xamines whether labor market frictions can explain the level and growth 
 of the college wage premium in the US. I develop a novel model where bot
 h capital skill complementarity and differences in the search frictions 
 faced by college and non-college workers drive the college wage premium.
  The presence of search frictions\, and hence monopsonistic power\, prov
 ides a range of explanations for rising college premiums not present in 
 competitive models i.e. changes to relative job offer rates\, to firm he
 terogeneity or to bargaining power between education groups. College wor
 kers enjoy substantially lower job destruction rates and higher job offe
 r rates than non-college workers\, which generates the presence of a sig
 nificant\, and relatively stable\, college wage premium in my model. I a
 lso find that bargaining strength\, as captured by unionization rates\, 
 starts off at similar levels for college and non-college workers but dec
 lines more severely for non-college workers. This trend explains a subst
 antial portion of the growth in the college wage premium in my baseline 
 model. David will be visiting the department for this Seminar - Dita Eck
 ardt will be hosting this visit.
LOCATION:TBA
CATEGORIES:Macro/International Seminar
LAST-MODIFIED:20211125T114130Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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