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UID:c7403ac7c3cdf7f422569a086b8b9cbd
CATEGORIES:Seminars
CREATED:20180928T151738
SUMMARY:Lunch Seminar: Jean Flemming - University of Oxford
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nCostly Commuting and the Job Ladder\nAbstract:\nEven though households 
 in the UK spent over £1,000 per worker on commuting in 2017, the economic c
 osts may be far higher because commuting and the associated congestion affe
 ct workers’ incentives for job search and acceptance. At the same time, wor
 kers’ job acceptance decisions determine commuting patterns and therefore a
 ggregate congestion. Using UK data on commuting and employment outcomes, I 
 find a strong positive relationship between commuting time and future job m
 obility. To understand the empirical patterns and quantify the aggregate im
 plications, I build a novel model featuring a frictional labor market in wh
 ich commuting gives rise to congestion as workers travel similar paths to w
 ork. I consider the interaction between congestion, employment, aggregate p
 roductivity, and housing rents as workers move from job to job and across s
 pace. Since it takes time to find a close and productive job, and because m
 oving house is costly, many workers commute to distant jobs. In doing so, t
 hey contribute to congestion and affect the incentives of other workers to 
 accept job offers. The quantitative model is calibrated to match features o
 f the London area and suggests that a significant share of wage and utility
  dispersion is a result of congestion. Policies targeting infrastructure wi
 thout explicitly targeting congestion have little effect on welfare, but re
 mote working policies can lead to large welfare gains. Focusing only on the
  congestion effects of policies may be misleading about their welfare impli
 cations due to their effects on workers’ progress up the job ladder.\n
DTSTAMP:20260405T192353Z
DTSTART:20181029T130000Z
DTEND:20181029T140000Z
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