Seminar Series “Macroeconomics and Labor Markets” on 6 February 2024
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, February 6, 11.30am to 1pm (German time).
The seminar will take place in-person in room 1.026 (“Dekanatssaal”, 1st floor) at Findelgasse 7/9.
Online participation will be possible via Zoom.
Pierre Cahuc (Sciences Po) will talk about
“The Wage of Temporary Agency Workers” (joint work with Antonin Bergeaud, Clément Malgouyres, Sara Signorelli, and Thomas Zuber).
Using French administrative data we estimate the wage gap distribution between in-house and temporary agency workers working in the same establishment and the same occupation. The average wage gap is about 3%, but the gap is negative in more than 25% of establishment × occupation cells. We develop and estimate a search and matching model which shows that the wage gap depends on the cost of job vacancies, on labor market frictions and on the labor management costs of temporary agencies for temp workers and user firms for in-house workers. Only a portion of the wage gap is efficient. A simple formula allows for estimating the taxes and subsidies that eliminate its inefficient component.