Nuremberg Research Seminar in Economics on 8 February 2023 – Room 0.423
You are invited to join the weekly Nuremberg Research Seminar in Economics on 8 February 2023, from 13.15 to 14.45 pm. The seminar will be held in room LG 0.423. Leo Kaas (University of Frankfurt) will be talking about „Labor and Wealth Dynamics in Equilibrium”.
More information can be found here:
This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring strategic wage bargaining and endogenous search effort of employed and non-employed workers. The model is able to capture the empirical relationships between search activity, labor market transition, earnings and wealth that we document in German data. We use the calibrated model to analyze the determinants of job mobility, earnings and wealth dynamics over the life cycle. We further examine the impact of unemployment insurance and progressive taxation for labor market dynamics, wage inequality and macroeconomic outcomes.