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UID:9a0353c1c3a5c025912cd5d03a955d59
CATEGORIES:Seminars
CREATED:20190405T174750
SUMMARY:Lunch Seminar: Isaac Baley Gaytán  - UPF, CREi
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nMismatch Cycles  joint with Ana Figueiredo and Robert Ulbricht\n\n\nAbs
 tract:\nWe document new facts about the cyclicality of worker–occupation mi
 smatch in the US. In downturns, under-qualified workers are more likely to 
 lose their jobs, consistent with the cleansing effect of recessions. New hi
 res from unemployment, by contrast, are more mismatched in recessions, and 
 this holds true for over- and under-qualification. To account for the facts
 , we build a directed search model, with on-the-job learning about worker s
 kills. Skills are multidimensional and workers select into careers (tasks) 
 based on what they believe to be their comparative advantages. In the model
 , the increase in the mismatch of new hires is a direct consequence of the 
 cleansing. This is because workers subject to cleansing have high propensit
 ies to switch careers, and due to the learning, this leads to high uncertai
 nty and mismatch.\n
DTSTAMP:20260403T183119Z
DTSTART:20190416T130000Z
DTEND:20190416T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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