We would like to invite you to the seminar by Joan Llull (Universitat Autònoma de Barcelona, MOVE and Barcelona GSE) on “Immigration, Wages, and Education: A Labor Market Equilibrium Structural Model” organised by the BAFFI CAREFIN Centre, Centro Studi Luca d’Agliano, Dipartimento di Economia, Metodi Quantitativi e Strategie di Impresa (Università Milano Bicocca), Laboratorio di Analisi Monetaria (Università Cattolica), and Dipartimento di Ingegneria Gestionale (Politecnico di Milano). The seminar will be held on Friday, 27th November 2015 at 1,00 p.m. at the University of Milan, Department of Economics, Management and Quantitative Methods, Seminar Room, 2nd floor, Via Conservatorio 7, 20122 Milan.
Abstract: Recent literature on the e ffect of immigration on wages assume perfectly inelastic labor supply. This paper departs from this assumption estimating a labor market equilibrium dynamic discrete choice model with U.S. micro-data for 1967-2007. Individuals adjust to immigration by changing education, participation, and/or occupation. Results suggest important adjustments that mitigate initial e ffects on wages and inequality. Adjustments are heterogeneous. Some individuals substantially increase their education while others reduce it. The model also corrects for a self-selection bias at the lower tail of the wage distribution produced by labor market detachment. The results imply that the perfectly inelastic labor supply assumption is too restrictive.
Forthcoming seminars (the calendar is attached):
4 March 2016: Ines Buono (Bank of Italy) – venue: Bocconi University
11 March 2016: Gaetano Minerva (University of Bologna) – venue: Catholic University
8 April 2016: Gabriel Smagghue (University Carlos III Madrid) – venue: University of Milan
6 May 2016: Francesco Lissoni (University of Bordeaux) – venue: Politecnico di Milano
20 May 2016: Massimo Del Gatto (“G. d’Annunzio” University) – venue: Catholic University
All seminars will take place on Fridays at 1 p.m., unless otherwise specified.