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UID:3f9145a4fd87c6586736d121bda709c4
CATEGORIES:Seminars
CREATED:20240723T072207
SUMMARY:Ilse Lindenlaub - Yale University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nMeritocracy across Countries\n\n\nAbstract:\nAre labor markets in highe
 r-income countries more meritocratic, in the sense that worker job matching
  is based on skills rather than idiosyncratic attributes unrelated to produ
 ctivity? If so, why? And what are the aggregate consequences? Using interna
 tionally comparable data on worker skills and job skill requirements of ove
 r 120,000 individuals across 28 countries, we document that workers’ skills
  better match their jobs’ skill requirements in higher-income countries. To
  quantify the role of worker-job matching in development accounting, we bui
 ld an equilibrium matching model that allows for cross-country differences 
 in three fundamentals: (i) the endowments of multidimensional worker skills
  and job skill requirements, which determine matchfeasibility; (ii) technol
 ogy, which determines the returns to matching; and (iii) idiosyncratic matc
 hing frictions, which capture the role of nonproductive worker and job trai
 ts in the matching process. The estimated model delivers two key insights. 
 First, improvements in worker-job matching due to reduced matching friction
 s account for only a small share of cross-country income differences. Secon
 d, however, improved worker-job matching is crucial for unlocking the gains
  from economic development generated by adopting frontier endowments and te
 chnology.\n
DTSTAMP:20260421T102601Z
DTSTART:20250519T163000Z
DTEND:20250519T180000Z
SEQUENCE:0
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