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X-WR-CALDESC:Events for Economics Research
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DTSTART;TZID=Europe/London:20231115T143000
DTEND;TZID=Europe/London:20231115T160000
DTSTAMP:20260421T210255
CREATED:20231106T161549Z
LAST-MODIFIED:20231106T170042Z
UID:3637-1700058600-1700064000@research.reading.ac.uk
SUMMARY:External Seminar by Paul Telemo (University of Strathclyde)
DESCRIPTION:We will be delighted to welcome Paul Telemo to the Department on 15th November\, to give a Department of Economics invited speaker seminar.\n\nTitle: Intergenerational Occupational Mobility and Routine-biased Technological Change\n\nAbstract:\n\nThis paper analyses intergenerational occupational mobility in the presence of routine-biased technological change (RBTC). During the era of job polarization\, fathers in cognitive jobs became relatively more likely to have sons in cognitive jobs\, while the rise in low–skilled manual jobs was mainly accounted for by children of routine workers. These facts\, among others\, are rationalized in an overlapping generations model where both financial resources and learning ability are transferred from parents to their children. Education choices are endogenous\, and the cost of education depends on the cognitive wage — hence both parents’ income and the economy-wide cognitive wage premium affect the education decision. The model is calibrated to the US economy and successfully captures key empirical patterns. Despite depressing routine wages\, altruistic preferences mean that routine workers born 1950-1965 experienced welfare gains due to RBTC. However\, these gains would be larger if the pace of technological change was slowed down. \n\n\n\nYou can check out Paul’s latest research papers here: https://sites.google.com/view/paultelemo/home
URL:https://research.reading.ac.uk/economics/event/external-seminar-by-paul-telemo/
LOCATION:Edith Morley 126\, United Kingdom
CATEGORIES:External Seminars
ORGANIZER;CN="Carl%20Singleton":MAILTO:c.a.singleton@reading.ac.uk
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