Skill Remoteness and the Economics of Local Labor Markets /
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| Author / Creator: | Macaluso, Claudia, author. |
|---|---|
| Imprint: | 2017. Ann Arbor : ProQuest Dissertations & Theses, 2017 |
| Description: | 1 electronic resource (100 pages) |
| Language: | English |
| Format: | E-Resource Dissertations |
| Local Note: | School code: 0330 |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/11715030 |
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| 100 | 1 | |a Macaluso, Claudia, |e author. |1 http://viaf.org/viaf/307329937 | |
| 245 | 1 | 0 | |a Skill Remoteness and the Economics of Local Labor Markets / |c Claudia Macaluso. |
| 260 | |c 2017. | ||
| 264 | 1 | |a Ann Arbor : |b ProQuest Dissertations & Theses, |c 2017 | |
| 300 | |a 1 electronic resource (100 pages) | ||
| 336 | |a text |b txt |2 rdacontent |0 http://id.loc.gov/vocabulary/contentTypes/txt | ||
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| 500 | |a Advisors: Steven J. Davis Committee members: Jonathan Dingel; Loukas Karabarbounis; Robert Shimer. | ||
| 502 | |b Ph.D. |c University of Chicago, Division of the Social Sciences, Department of Economics |d 2017. | ||
| 510 | 4 | |a Dissertation Abstracts International, |c Volume: 78-12(E), Section: A. | |
| 520 | |a This work quantifies the effects of discrepancies between local supply and demand for skills on wages, employment, and mobility rates of laid-off workers. I propose the concept of local skill remoteness to capture the degree of dissimilarity between the skill profiles of workers and jobs in a local labor market. I implement a measure of local skill remoteness at the occupation-city level, and find that higher skill remoteness at layoff is associated with lower re-employment rates and lower wages upon re-employment. Earnings differences between the top and bottom skill remoteness quartiles amount to a loss of 15% of the median worker's annual income and persist for at least two years. Skill-remote workers also have a higher probability of changing occupation, a lower probability of being re-employed at jobs with similar skill profiles, a higher propensity to migrate to another city and, conditional on migration, a higher likelihood of becoming less skill-remote. Motivated by this evidence, I develop a search-and-matching model with two-sided heterogeneity that provides a natural framework to interpret my skill remoteness measure. I use a calibrated version of the model to show that subsidies to on-the-job training lower the average skill remoteness of unemployed workers, thus the aggregate unemployment rate. The marginal benefit of such a policy is increasing in the level of unemployment. | ||
| 546 | |a English | ||
| 590 | |a School code: 0330 | ||
| 690 | |a Labor economics. | ||
| 710 | 2 | |a University of Chicago. |e degree granting institution. |0 http://id.loc.gov/authorities/names/n79058404 |1 http://viaf.org/viaf/143657677 | |
| 720 | 1 | |a Steven J. Davis |e degree supervisor. | |
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