Alexander Monge Naranjo, EUI, 20.04.2022

We construct a dynamic general equilibrium model with occupation mobility, human capital accumulation and endogenous assignment of workers to tasks to quantitatively assess the aggregate impact of automation and other task-biased technological innovations. We extend recent quantitative general equilibrium Roy models to a setting with dynamic occupational choices and human capital accumulation. We provide a set of conditions for the problem of workers to be written in recursive form and provide a sharp characterization for the optimal mobility of individual workers and for the aggregate supply of skills across occupations. We craft our dynamic Roy model in a production setting where multiple tasks within occupations are assigned to workers or machines. We solve for the balanced-growth path and characterize the aggregate transitional dynamics ensuing task-biased technological innovations.
Wednesday, 20.04.2022 12:15 - 13:30
"Occupation Mobility, Human Capital and the Aggregate Consequences of Task-Biased Innovations"
Juridicum, Adenauerallee 24-42
Faculty Room
Institute for Macroeconomics and Econometrics
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