Topic:

The Changing Value of Employment and Its Implications

Time&Date: 

10:30 am-12:00 pm, April 19, 2024 (Friday)

Venue

Room 625, Zhiren Building

Speaker:

Prof. Davide Alonzo (University of Montreal)

We estimate the components of worker-occupation match values within a model that distinguishes between wages and latent returns. The equilibrium exhibits heterogeneous rents and we derive a welfare measure that has three properties: (i) it illustrates the impact of marginal workers on the welfare of everyone else; (ii) it delivers inequality measures that account for non-wage values and compensating differentials; (iii) it relates welfare shifts to changes in different match value components. We use this measure to show that similar patterns of wage inequality can be associated with vastly different welfare outcomes.

JEL Codes: D51, D58, J2, J3, J62.
Keywords: employment; wages; equilibrium; technological change; heterogeneity; occupations.

Biography:

Davide Alonzo is an Assistant Professor at the University of Montreal. He obtained his PhD from the University of British Columbia. His current research interests are in Macroeconomics, Labor Economics, and Family Economics.