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UID:423e9395000d59496a9a6a2db9f7dcd0
CATEGORIES:Seminars
CREATED:20171102T185521
SUMMARY:Lunch Seminar: Gabriella Santangelo - University of Cambridge
DESCRIPTION;ENCODING=QUOTED-PRINTABLE: Moving out of Agriculture: Human Capital, Mobility Frictions, and Labor Al
 location by Cohort  (with Tommaso Porzio)\n\n\n \nAbstract:\n What explains
  labor reallocation out of agriculture? We propose an accounting framework 
 that leverages observable variation across cohorts to study the role of hum
 an capital accumulation. We model a dynamic overlapping generations economy
  where heterogeneous individuals choose whether to stay in or move out of a
 griculture, subject to mobility frictions. The model shows analytically tha
 t labor reallocation within- and across-cohorts pins down the relative role
  of human capital vs. sectoral prices/productivities in labor reallocation.
  We apply the framework to micro data from 59 countries. We document novel 
 empirical patterns on labor reallocation by cohort and use them, through th
 e lens of our model, to show three main results: (i) human capital explains
  as much as 50% of labor reallocation, on average; but (ii) it does not exp
 lain why some countries have faster reallocation than others; (iii) mobilit
 y frictions play at most a minor role. Furthermore, we validate our cohort 
 approach through a natural experiment, showing that the INPRES school const
 ruction program in Indonesia led to reallocation out of agriculture.\n
DTSTAMP:20260406T142231Z
DTSTART:20170718T130000Z
DTEND:20170718T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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