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UID:10000804-1678881600-1678887000@ccpr.ucla.edu
SUMMARY:Yotam Shem-Tov\, UCLA
DESCRIPTION:Biography: Yotam Shem-Tov is an Assistant Professor of Economics at UCLA. His research primarily focuses on Labor and Public Economics with a special interest in the U.S. criminal justice system. He received a BA in Economics and Philosophy from Tel-Aviv University and a PhD in Economics from UC Berkeley. \nHow Replaceable is a Low-Wage Job? \nAbstract: This paper studies the long-run consequences of losing a low-wage job using linked employer-employee wage records and household surveys. For full-time workers earning $15 per hour or less\, job loss due to an idiosyncratic\, firm-wide contraction generates a 13% reduction in earnings 4-6 years later and more than $40\,000 cumulative lost earnings. Most of this long-run decrease stems from reductions in employment and hours as opposed to wage rates: job losers are twice as likely to report being unemployed and looking for work\, and annual weeks worked are reduced by 10%. By contrast\, workers initially earning more than $15 per hour see comparable long-run earnings losses driven primarily by reductions in hourly wages. We interpret these effects through a dynamic job-ladder model\, which implies that the flow rents from holding a full-time $15 per hour job relative to unemployment are 3.1% of earnings. \nYou may access the recording here.
URL:https://ccpr.ucla.edu/event/yotam-shem-tov-ucla/
CATEGORIES:CCPR Seminar
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