Seminar Series “Macroeconomics and Labor Markets” on 4 July 2023
We are pleased to invite you to the seminar series on “Macroeconomics and Labor Markets“ organized by the Chair of Macroeconomics at the Friedrich-Alexander University Erlangen-Nuremberg, Prof. Merkl, the Chair of Global Governance and International Trade at the Friedrich-Alexander University Erlangen-Nuremberg, Prof. Moser, and the Competence Field Macroeconomics of the Institute for Employment Research (IAB). Researchers of both institutions, as well as national and international guests, present their current work at the intersection of labor- and macroeconomics.
The next seminar will be held on Tuesday, July 4, 12 noon to 1.30 pm (German time).
This will be a hybrid seminar. People from Nürnberg can attend in room 2.429 at the WISO building (Lange Gasse 20).
Remote participation will be possible via Zoom. The login information will be sent a day before the seminar.
Ana Figueiredo (Erasmus School of Economics) will talk about
“Labor market beliefs and the gender wage gap” (joint work with Christine Braun).
We study the role of labor market beliefs in the gender pay gap. We find that, on average, women expect to receive lower salaries than men and also expect to receive fewer offers when employed. Gender differences in expectations explain a sizable fraction of the residual gap in reservation wages. We estimate a partial equilibrium job search model that incorporates worker heterogeneity in beliefs about the wage offer distribution, arrival rates, and separation rate. Counterfactual exercises show that labor market beliefs play an important role in the gender wage gap, but matter little for the gender differences in welfare. Eliminating gender differences in the actual offer distribution, by contrast, decreases the gender gap in pay and welfare.