Macro / Labor Seminar
FAU/IAB-Seminar Macroeconomics and Labor Markets
The Chairs of Macroeconomics (Christian Merkl) and Global Governance and International Trade (Christoph Moser) at FAU and the Macroeconomic domain at IAB co-organize a joint seminar series at the intersection of macroeconomics, trade, and labor economics.
The next seminar will be held on Wednesday, February 8, 1.15pm to 2.45pm, in-person at room 0.423 (Lange Gasse 20, 90403 Nürnberg).
Leo Kaas (University of Frankfurt) will talk about
„Labor and Wealth Dynamics in Equilibrium“ (joint work with Etienne Lalé and Nawid Siassi).
Abstract:
This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring strategic wage bargaining and endogenous search effort of employed and non-employed workers. The model is able to capture the empirical relationships between search activity, labor market transition, earnings and wealth that we document in German data. We use the calibrated model to analyze the determinants of job mobility, earnings and wealth dynamics over the life cycle. We further examine the impact of unemployment insurance and progressive taxation for labor market dynamics, wage inequality and macroeconomic outcomes.
Please find the preliminary schedule here. Zoom login information will be distributed by e‐mail.
Previous Research Seminars