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UID:7b8686d804d2d1494cf2ad87d0fe0482
CATEGORIES:Seminars
CREATED:20180508T183227
SUMMARY:Lunch Seminar: Tommaso Porzio - University of California, San Diego
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nWhy Do Spatial Wage Gaps Persist? Evidence from the Enduring Divide bet
 ween East and West Germany (joint with Sebastian Heise)\n\n\nAbstract:\nWe 
 study the origins of persistent spatial wage gaps in a novel framework with
  worker reallocation both across establishments and across space. We estima
 te the model using matched employer-employee data from Germany. The country
  provides a perfect setting: more than 25 years after the fall of the Iron 
 Curtain, West Germany's average real wage is, controlling for individual ch
 aracteristics, still 20% higher than that of the East, despite a dynamic la
 bor market in which one in five workers changes jobs every year. While sort
 ing and labor market matching frictions are present, an important driver be
 hind the gap's persistence is workers' strong preference to live in their h
 ome region. Following workers across space, we show that East-born workers 
 require a wage increase by about 27% more than West-born workers to move fr
 om East to West Germany, and are likely to move back. This home bias genera
 tes a segmented labor market in which East German firms paying low real wag
 es are able to retain workers, and in which East German unemployment can re
 main relatively high.\n\n\n\n
DTSTAMP:20260406T102922Z
DTSTART:20180704T010000Z
DTEND:20180704T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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