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UID:20595eb8e6ced99670c30aea09a52d7b
CATEGORIES:Seminars
CREATED:20250211T092756
SUMMARY:Moritz Kuhn - University of Mannheim
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nEmployment Stability, Earnings Dynamics, and Life-Cycle Savings\n\n\nAb
 stract:\nLabor markets are characterized by large heterogeneity in employme
 nt stability: some workers hold stable, lifetime jobs, while others cycle f
 requently in and out of employment. This heterogeneity will shape the earni
 ngs dynamics and savings behavior of workers. Yet, how much and in what way
  remains a largely unexplored question. We fill this gap with an empirical 
 and a quantitative theory answer. We first document two new empirical facts
 : (1) workers with more stable employment experience faster earnings growth
  and (2) accumulate more wealth per dollar of income. Second, we develop a 
 life-cycle model that combines a labor market search model with an incomple
 te markets model of saving behavior. We use the model to interpret the empi
 rical facts, to establish a causal link from employment stability to wealth
  accumulation, and to quantify the drivers of the underlying mechanism.\nOu
 r results support an important role of employment stability heterogeneity i
 n accounting for differences in wealth accumulation.\n
DTSTAMP:20260526T021905Z
DTSTART:20250609T163000Z
DTEND:20250609T180000Z
SEQUENCE:0
TRANSP:OPAQUE
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