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X-WR-CALDESC:Events for CREST
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TZID:Europe/Paris
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DTSTART:20190331T010000
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DTSTART:20191027T010000
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DTSTART;TZID=Europe/Paris:20191210T121500
DTEND;TZID=Europe/Paris:20191210T131500
DTSTAMP:20260713T000347
CREATED:20191023T092011Z
LAST-MODIFIED:20241104T133333Z
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SUMMARY:Antoine BERTHEAU (CREST) - “ Identifying Core Parameters of Labor Market Models: Evidence from Unexpected Worker Separations "
DESCRIPTION:\nThe Microeconometrics Seminar: Every Tuesday at 12:15 pm.\nTime: 12:15 pm – 1:15 pm\nDate: 10th of December 2019\nPlace: Room 3001.\nAntoine BERTHEAU (CREST) – “ Identifying Core Parameters of Labor Market Models: Evidence from Unexpected Worker Separations ” \nAbstract: We document how the effects of exogenous shocks to firms’ employment on firm and worker outcomes jointly identify three central parameters of core models of the labor market: (i) the elasticity of output with respect to labor\, (ii) the elasticity of labor supply\, and (iii) the marginal value of a filled job\, which corresponds to the cost of labor market frictions and turnover to the firm. Empirically\, we draw on matched employer-employee data from Denmark and estimate the causal effect of unexpected worker separations\, due to deaths\, on firm and coworker outcomes. Our reduced-form results indicate temporary adverse effects on firms’ employment and output and positive ones on coworkers’ hours and earnings. We then show how these reduced-form effects identify the core parameters of a search-and-matching model. We estimate these parameters using IV\, provide an original estimate for the costs of labor turnover\, and quantify the role of adjustment of hours and wage within firms by performing several counterfactual experiments. \nJoint work with Pierre Cahuc (Sciences Po) and Simon Jäger (MIT).\n \n\nOrganizers:\nXavier D’Haultfoeuille (CREST)\, Benoit Schmutz (CREST)\, & Antoine BERTHEAU (CREST)\nSponsors:\nCREST\nLunch registration:\nfood provided\, no registration\n \n\n
URL:https://crest.science/event/antoine-bertheau/
CATEGORIES:Applied Seminar,Economics,Microeconometrics,Seminars
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