Related papers: Labor Informality and Credit Market Accessibility
In this paper we explore two intertwined issues. First, using primary data we examine the impact of asymmetric networks, built on rich relational information on several spheres of living, on access to workfare employment in rural India. We…
We propose a general methodology to measure labour market dynamics, inspired by the search and matching framework, based on the estimate of the transition rates between labour market states. We show how to estimate instantaneous transition…
Systemic risks of default contagion in the Russian interbank market are investigated. The analysis is based on considering the bow-tie structure of the weighted oriented graph describing the structure of the interbank loans. A probabilistic…
Professional networks are a key determinant of individuals' labor market outcomes. They may also play a role in either exacerbating or ameliorating inequality of opportunity across demographic groups. In a theoretical model of professional…
Substantial scholarship has estimated the susceptibility of jobs to automation, but little has examined how job contents evolve in the information age as new technologies substitute for tasks, shifting required skills rather than…
Large language models are increasingly used to support high-stakes decisions, potentially influencing who is granted bail or receives a loan. Naive chain-of-thought sampling can improve average decision accuracy, but has also been shown to…
This paper examines the impact of racial discrimination in hiring on employment, wages, and wealth disparities between black and white workers. Using a labor search-and-matching model with racially prejudiced and non-prejudiced firms, we…
Current course recommender systems primarily leverage learner-course interactions, course content, learner preferences, and supplementary course details like instructor, institution, ratings, and reviews, to make their recommendation.…
Structural change is necessary for all countries transitioning to a more environmentally sustainable economy, but what are the likely impacts on workers? Studies often find that green transition scenarios result in net positive job creation…
In the modern U.S. labor market, digital infrastructures strongly influence how individuals locate opportunities, build skills, and advance wages. Regional differences in computing access, broadband coverage, and digital literacy have…
This paper evaluates the impact of the German minimum wage policy on firms' financial leverage. By using a comprehensive firm-establishment-employee linked dataset and a difference-in-differences estimation with firm-level variation in…
We have modeled the employment/population ratio in the largest developed countries. Our results show that the evolution of the employment rate since 1970 can be predicted with a high accuracy by a linear dependence on the logarithm of real…
We investigate the motivation and means through which individuals expand their skill-set by analyzing a survey of applicants from the Facebook Jobs product. Individuals who report being influenced by their networks or local economy are over…
Dynamic, risk-based pricing can systematically exclude vulnerable consumer groups from essential resources such as health insurance and consumer credit. We show that a regulator can realign private incentives with social objectives through…
Multi-agent Reinforcement Learning (MARL) is a powerful tool for training autonomous agents acting independently in a common environment. However, it can lead to sub-optimal behavior when individual incentives and group incentives diverge.…
We present a large-scale analysis of career mobility of college-educated U.S. workers using online resume profiles to investigate how gender, race, and job change options are associated with upward mobility. This study addresses key…
We conduct a pre-registered randomized controlled trial to test for income targeting in labor supply decisions among sellers of a Swedish street paper. Unlike most workers, these sellers choose their own hours and face severe liquidity…
This study evaluates the macroeconomic effects of active labour market policies (ALMP) in Germany over the period 2005 to 2018. We propose a novel identification strategy to overcome the simultaneity of ALMP and labour market outcomes at…
This paper provides an alternative approach to Duffie and Lando [Econometrica 69 (2001) 633-664] for obtaining a reduced form credit risk model from a structural model. Duffie and Lando obtain a reduced form model by constructing an economy…
This paper studies the extent to which the cyclicality of occupational mobility shapes that of aggregate unemployment and its duration distribution. We document the relation between workers' occupational mobility and unemployment duration…