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Seminar in Economics | The Human Side of Structural Transformation with Federico Rossi, University of Warwick

Department of Economics welcomes you to a seminar with Federico Rossi, University of Warwick, presenting "The Human Side of Structural Transformation". We document that nearly half of the global decline in agricultural employment during the 20th-century was driven by new cohorts entering the labor market. Through the lens of a model of frictional labor reallocation, we conclude that human capital growth, both as a mediating factor and as an independent driver, led to a sharp decline in the agricultural labor supply.

Welcome to this Higher Seminar in Economics organised by the Department of Economics, SSE. The seminar speaker is Federico Rossi, Assistant Professor of Economics, University of Warwick. Federico will present "The Human Side of Structural Transformation".

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.

Federico Rossi is Assistant Professor of Economics at the University of Warwick and an Associate to the Centre for Macroeconomics.

His research focuses on Macroeconomics, Development and Applied Econometrics.

This seminar takes place in person at Stockholm School of Economics, Sveavägen 65, The Sherman Room (room 350). 

Please contact kristen.pendleton@hhs.se if you have questions.

Dept. of Economics Development Labor Macroeconomics Economics Seminar Seminar in economics

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