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UID:c61416681c95a98eb8a97866691b5477
CATEGORIES:Seminars
CREATED:20171102T183541
SUMMARY:Macro Lunch Seminar: Jean Flemming - University of Oxford
DESCRIPTION;ENCODING=QUOTED-PRINTABLE: Costly Commuting and the Job Ladder\nAbstract:\n The interaction between c
 ommuting, mobility, and employment are studied in a model of search on the 
 job. When commuting is costly, the ability to move improves workers’ utilit
 y. The more difficult it is to move, the more weight unemployed workers put
  on commuting, leading them to reject more job offers. When firms differ in
  productivity, high commuting costs can cause even the most productive job 
 offers to be rejected in equilibrium. For a given wage, employed workers wi
 th shorter commutes accept fewer jobs through on-the-job search, slowing th
 eir progress up the job ladder. A fall in the probability to move or rise i
 n commuting costs will increase unemployment and decrease the speed at whic
 h workers climb the job ladder, leading to large earnings losses through sl
 ower wage growth and an endogenous fall in output. I document the link betw
 een commutes, job-to-job transitions, and earnings empirically. I build a t
 heoretical model to study how policies that increase mobility or subsidize 
 commuting costs affect future wage growth.\n
DTSTAMP:20260422T023346Z
DTSTART:20170628T130000Z
DTEND:20170628T140000Z
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