- A Field Experiment on Labor Market Speeddates for Unemployed
Workers (with Bas van der Klaauw)
We conduct a field experiment to evaluate the effectiveness of labor mar- ket speeddates where unemployed workers meet temporary employment agencies. Our analysis shows that participation in such events increases immediate job finding by 6-7 percentage points. In the subsequent months, employment effects diminish again, suggesting that vacancies mediated through temporary employment agencies have no long-lasting effect on employment prospects. While the intervention is cost effective for the UI administration, higher labor earnings of treated job seekers do not fully compensate for the decline in benefit payments. Additional survey evidence shows that speeddate participation increases job search motivation and reduces reservation wages.
- Can Educational Expansion of Parents Explain Polarised Earnings
of Children? (with Martin Nybom, Erik Plug and Bas van der Klaauw)
This paper examines the impact of educational expansion on assortative mating and its effect on the earnings distribution of future generations. We show that higher college shares can lead to stronger assortative mating on the marriage market although preferences over the partner's education remain constant. If education is positively related to unobserved ability, a larger degree of educational assortative mating induces higher similarity of spouses, which can have substantial impact on the income distribution of their children. Using intergenerational data from the Panel Study of Income Dynamics, we find that the model can largely replicate observed trends in college education and earnings.
- Skill Demand and Wages. Evidence from Online Job Postings in Austria
This study provides new evidence on skill requirements in the labor market and shows to what extent these skills explain wages. Using more than 300,000 job postings published on Austria's major employment website, we identify the most common skill requirements mentioned in job descriptions. Because employers in Austria are legally required to state the minimum remuneration for advertised positions, we are able estimate returns to skill requirements based on ad-level variation. Accounting for education, work experience, and firm and occupation fixed-effects, there exists a robust association between the number of skill requirements and posted wages. In particular, job ads with many skill requirements pay substantially higher wages. While we estimate large effects for managerial and analytical skills, associations with most soft skills are small. Overall, our analysis shows that skill requirements listed in online job ads can offer important insights on skill demand and skill wage differentials.
- Media Coverage of Research in Economics
While many academic institutions aim to have a strong public impact, little empirical evidence exists on the extent to which research findings are covered in the media. Using a large sample of studies released in the working paper series of the National Bureau of Economic Research, we match research output in economics to the online content of six major news outlets in the US. Our empirical analysis shows significant coverage rates for most news outlets, ranging from 0.01 to 0.04 matches per working paper in the first three months after release. Overall, about every 15th working paper is covered at least once during this period. While differences in coverage by field of economics are modest, empirical as well as US-focussed studies receive substantially more attention. Also widely cited papers and studies published in top-ranked journals are covered much more frequently. This shows that academic success of a study serves as strong predictor for wider public impact.
- Mismatch on the Labor Market: Benefit Schemes and Work Incentives (work in progress)
- Do Parental Networks Pay Off? Linking Children's Labor-Market
Outcomes to their Parents' Friends. (with Bas van der Klaauw and
Scandinavian Journal of Economics 120(1), 268-295 (2018)
This paper examines whether children are better off if their parents have more elaborate social networks. Using data on high-school friendships of parents, we analyze whether the number and characteristics of friends affect the labor market outcomes of children. While parental friendships formed in high school appear long lasting, we find no significant impact on their children's occupational choices and earnings prospects. These results do not change when we account for network endogeneity, network persistency and network measurement error. Only when children enter the labor market, friends of parents have a marginally significant but small influence on their occupational choice.