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Seminar in Economics | Are Chemists Good Bankers? with Dita Eckardt, University of Warwick

Department of Economics welcomes you to a seminar with Dita Eckardt, University of Warwick, presenting "Are Chemists Good Bankers? Returns to the Match between Training and Occupation". Dita analyzes the returns to training-occupation combinations using administrative panel data on apprenticeships and employment for German workers, and identifies the returns using data on occupation-specific vacancies.

Welcome to this Higher Seminar in Economics organised by the Department of Economics, SSE. The seminar speaker is Dita Eckardt, Assistant Professor of Economics, University of Warwick. Dita will present "Are Chemists Good Bankers? Returns to the Match between Training and Occupation". The paper was awarded the Royal Economic Society Junior Symposium Best Paper Award in April 2019.

Abstract

This paper analyzes the returns to training-occupation combinations. I use administrative panel data on apprenticeships and employment for German workers, and identify the returns using data on occupation-specific vacancies. For the estimation, I set up a Roy model and extend existing control function approaches to deal with selection in a two-stage, high-dimensional setting. I find sizable returns to training in one’s occupation, and substantial bias when not controlling for selection. Returns are decreasing in the task distance between training and occupation. I argue that imperfect information leads to ex-post suboptimal training choices, and that retraining could address this ex-ante friction.

Dita Eckardt is Assistant Professor of Economics at the University of Warwick. Her research focuses on labor and applied econometrics.

This seminar takes place online via Zoom.

Please contact kristen.pendleton@hhs.se if you would like to attend the webinar or have other questions.

Dept. of Economics Labor Economics Seminar in economics

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