Título: “Labor Market Search, Informality, and On-The-Job Human Capital Accumulation” (with Matteo Bobba, Luca Flabbi and Santiago Levy)

Presenta: Mauricio Tejada (UAH) Lugar y hora: Miércoles 25 de Julio de 2018, 13:00 hrs. Sala P 301, Edificio Placa (Diagonal Paraguay 257)
We develop a search and matching model where firms and workers produce output that depends both on match-specific productivity and on worker-specific human capital. The human capital is accumulated while working but depreciates while searching for a job. Firms optimally post the formality status; wages are determined by bargaining. The equilibrium is characterized by an endogenous steady state distribution of human capital and by an endogenous formality rate. We estimate the model on labor market data from Mexico. We find that human capital accumulation on-the-job is responsible for about one third of the overall value of production. We also find that human capital upgrading is slower while working informally than formally. This magnifies the negative impact on productivity of the labor market institutions that give raise to informality.

Datos del Evento

Fecha de inicio:
25 de Julio, 2018 | 13:00 hrs.

Fecha de término
25 de Julio, 2018 | 14:00 hrs.