Labor Markets and Policies
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This session is at the intersection of Labor, Macro, and Public Economics. In the past five years or so, there has been a burgeoning interest in the use of general equilibrium models disciplined by micro data to carefully analyze important labor market issues and policies to address them. The use of these models to conduct comprehensive quantitative analyses of policies is still in its infancy. The goal of this session is to bring together a diverse group of scholars engaged in frontier research in this area. The session is organized around three themes, all of which have implications for the observed increase in wage and wealth inequality in several countries. The first theme is about the effects of education, income support, employment protection, and other social insurance programs in both the short and the long run. The second theme is about how the growth and diffusion of new technologies will lead to changes in the structure of wages and work in both developed and emerging economies. The third theme is about the effect on labor markets of the adoption of trade reforms that differentially expose some sectors of an economy to more intense international competition.
Organized by
Erik Hurst, University of Chicago Booth School of Business
Patrick Kehoe, Stanford University
Elena Pastorino, Stanford University