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BEGIN:VEVENT
UID:f2f425b5acf1531a48b55ee0d38d9ad3
CATEGORIES:Seminars
CREATED:20190513T153153
SUMMARY:Lunch Seminar: Shu Lin Wee - Carnegie Mellon University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nReplacement Hiring and the Productivity Wage-Gap joint with Sushant Ach
 arya \n\n\nAbstract:\nA large and growing share of hires in the US are repl
 acement hires. This increase coincides with a growing productivity-wage gap
 . We connect these trends by building a model where firms post long-lived v
 acancies and engage in on-the-job search for more productive workers. These
  features improve a firm's bargaining position while raising workers' job i
 nsecurity and the wedge between hiring and meeting rates. All three channel
 s lower wages while raising productivity.  Quantitatively, increased replac
 ement hiring explains half the increase in the productivity-wage gap. The s
 ocially efficient outcome features fewer low-productivity jobs and a 10% na
 rrower productivity-wage gap.\n
DTSTAMP:20260403T183202Z
DTSTART:20190529T130000Z
DTEND:20190529T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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