This thesis studies the mechanisms behind talent misallocation, how it varies over the business cycle and its implications for wage cyclicality. The first chapter shows that uncertainty about education returns has an ...
Baley, Isaac; Figueiredo, Ana; Ulbricht, Robert(University of Chicago Press, 2022)
This paper studies the cyclical dynamics of skill mismatch and quantifies its impact on labor productivity. We build a tractable directed search model, in which workers differ in skills along multiple dimensions and sort ...
This paper studies the cyclical dynamics of skill mismatch and quantifies its impact on labor productivity. We build a tractable directed search model, in which workers differ in skills along multiple dimensions and sort ...
