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Inequality and Education (ECO-AD-INQEDU)

ECO-AD-INQEDU

Purpose

Education, Labor Markets and Inequality

Professor Alexander Monge-Naranjo
[email protected]

Description:
This advanced half-credit course covers a number of quantitative papers on how labor markets and the assignment and formation of the human capital of workers shape inequality. We also cover papers related to education choices, such as locations, college and financial contracts, and how geographic differences shape up the demographics of countries, including the cross- and within-country differences in intergenerational mobility in education.

Grading:
The grade will be based on a brief presentation of a paper in the reading list and on a two-page proposal for a research paper on topics and tools related to the material covered in the course.

I. Models of Human Capital Assignment & Inequality
• Burstein, A., Morales, E. and Vogel, J. (2019) “Changes in between-group inequality: computers, occupations, and international trade.” AEJ Macro.
• Costinot, A. and Vogel, J. (2010) “Matching and Inequality in the World Economy.” Journal of Political Economy, vol. 118, no. 4.
• Costinot, A. and Vogel, J. "Beyond Ricardo: Assignment Models in International Trade" Annual Review of Economics, 2015, vol. 7, pp. 31-62
• Dvorkin, M., Monge-Naranjo, A., (2019) “Occupation Mobility, Human Capital and the Aggregate Consequences of Task-Biased Innovations.”
• Hsieh, C., Hurst, E., Jones, C., and Klenow, P. (2019) “The Allocation of Talent and U.S. Economic Growth” Econometrica, 2019
• Lagakos, D., Waugh, M. (2013). "Selection, Agriculture, and Cross-Country Productivity Differences." American Economic Review, 103 (2): 948-80.

II. Education: Choices, Geography and Outcomes
• Athreya, Kartik, and Janice Eberly. 2021. "Risk, the College Premium, and Aggregate Human Capital Investment." American Economic Journal: Macroeconomics, 13 (2): 168-213. Working Paper version: https://www.richmondfed.org/media/RichmondFedOrg/publications/research/working_papers/2013/pdf/wp13-02r.pdf
• Capelle, Damien. “The Great Gatsby Goes to College: Tuition, Inequality and Intergenerational Mobility in the U.S.” https://damiencapelle.com/wp-content/uploads/2020/06/Capelle_GreatGatsby_submitted.pdf
• Raj Chetty, John Friedman, Emmanuel Saez, Nicholas Turner, Danny Yagan. “Income Segregation and Intergenerational Mobility Across Colleges in the United States.” Quarterly Journal Of Economics, Volume 135, Issue 3, August 2020, Pages 1567–1633, | February 2020
• Raj Chetty, Nathaniel Hendren “The Impacts of Neighborhoods on Intergenerational Mobility II: County-Level Estimates” Quarterly Journal Of Economics, 133(3): 1163-1228, 2018
• Raj Chetty, Nathaniel Hendren “The Impacts of Neighborhoods on Intergenerational Mobility I: Childhood Exposure Effects” Quarterly Journal Of Economics, 133(3): 1163-1228, 2018.
• Deming, David J. And Kadeem Noray. “Earnings Dynamics, Changing Job Skills, And Stem Careers” The Quarterly Journal of Economics (2020), 1965–2005. doi:10.1093/qje/qjaa021
• Lochner, Lance and Alexander Monge-Naranjo. “Student Loans and Repayment:Theory, Evidence, and Policy” 2016. Handbook of the Economics of Education 5, 397-478 https://economics.uwo.ca/people/lochner_docs/StudentLoansRepayment.pdf
• Lochner, Lance and Alexander Monge-Naranjo. “Credit Constraints in Education.” Annual Review of Economics. Vol. 4:225-256 https://www.annualreviews.org/doi/abs/10.1146/annurev-economics-080511-110920
• Anstreicher, Garrett. "Spatial Influences in Upward Mobility" Forthcoming, Journal of Political Economy https://drive.google.com/file/d/1TRG3b7egg05ttXmd-NhoALpEI9i-liCM/view
• Blanden, Jo, Matthias Doepke, Matthias and Jan Stuhler, “Educational Inequality” Handbook of the Economics of Education, Vol. 6, 405-497, February 2023.https://faculty.wcas.northwestern.edu/mdo738/research/Blanden_Doepke_Stuhler_Handbook_23.pdf
• Diaz, Antonia, Álvaro Jáñez and Felix Wellschmied. “Geographical Mobility Over the Life Cycle” https://econpapers.repec.org/paper/ucmdoicae/2301.htm

III. Other References: Background and Related Literature
• Acemoglu, D., & Autor, D. (2011). Skills, tasks and technologies: Implications for employment and earnings. In Handbook of labor economics (Vol. 4, pp. 1043{1171). Elsevier.
• Acemoglu, D., & Restrepo, P. (2018). The race between man and machine: Implications of technology for growth, factor shares, and employment. American Economic Review, 108 (6), 1488{1542.
• Acemoglu, D., & Restrepo, P. (2019). Robots and jobs: Evidence from U.S. labor markets. Journal of Political Economy, forthcoming.
• Adao, R., Beraja, M., & Pandalai-Nayar, N. (2018). Skill-biased technological transitions. Working Paper.
• Allen, R. (2009) “Engels’ pause: Technical change, capital accumulation, and inequality in the british industrial revolution” Explorations in Economic History, 2009.
• Autor, D., & Dorn, D. (2013). The growth of low-skill service jobs and the polarization of the U.S. labor market. American Economic Review, 103 (5).
• Autor, D., Katz, L. F., & Kearney, M. S. (2006). The polarization of the us labor market. American Economic Review, 96 (2), 189{194.
• Autor, D., Levy, F., & Murnane, R. J. (2003). The Skill Content of Recent Technological Change: An Empirical Exploration. The Quarterly Journal of Economics, 118 (4), 1279-1333.
• Caliendo, L., Dvorkin, M., & Parro, F. (2019). Trade and labor market dynamics: General equilibrium analysis of the China trade shock. Econometrica, 87 (3), 741{835.
• Caselli, F., and Ciccone, A. 2019. "The Human Capital Stock: A Generalized Approach: Comment." American Economic Review, 109 (3): 1155-74.
• Caselli, F. “Accounting for Cross-Country Income Differences.” 2005. Handbook of Economic Growth, Volume 1A. Edited by Philippe Aghion and Steven N. Durlauf, 2005 Elsevier B.V.
• Cortes, M., Nekarda, C., Jaimovich, N., & Siu, H. (2016). The micro and macro of disappearing routine jobs: A flows approach. Working Paper.
• Doms, M., & Lewis, E. (2006). Labor supply and personal computer adoption. Federal Reserve Bank of Philadelphia, Working Paper.
• Eaton, J., & Kortum, S. (2002). Technology, geography, and trade. Econometrica, 70 (5), 1741-1779.
• Foote, C. L., & Ryan, R. W. (2015). Labor-market polarization over the business cycle. NBER Macroeconomics Annual, 29 (1), 371-413.
• Galle, S., RodrIguez-Clare, A., & Yi, M. (2017). Slicing the pie: Quantifying the aggregate and distributional effects of trade. NBER Working Paper.
• Goos, M., & Manning, A. (2007). Lousy and lovely jobs: The rising polarization of work in britain. The Review of Economics and Statistics, 89 (1), 118-133.
• Goos, M., Manning, A., & Salomons, A. (2014, August). Explaining job polarization: Routine biased technological change and offshoring. American Economic Review, 104 (8), 2509-26.
• Greenwood, J., Hercowitz, Z., & Krusell, P. (1997). Long-run implications of investmentspecific technological change. American Economic Review, 87 (3), 342-62.
• Guvenen, F., Kuruscu, B., Tanaka, S., & Wiczer, D. (2019). The micro and macro of disappearing routine jobs: A Flows approach. Working Paper.
• Heathcote, J., Perri, F., & Violante, G. L. (2010). Unequal we stand: An empirical analysis of economic inequality in the united states, 1967{2006. Review of Economic dynamics, 13 (1),15-51.
• Hsieh, C.-T., Hurst, E., Jones, C. I., & Klenow, P. J. (2019). The allocation of talent and us economic growth. Econometrica, 87 (5), 1439-1474.
• Jones, B. 2014. “The Human Capital Stock: A Generalized Approach.” American Economic Review. 104(11)
• Kambourov, G., & Manovskii, I. (2008). Rising occupational and industry mobility in the United States: 1968{97. International Economic Review, 49 (1), 41-79.
• Kambourov, G., & Manovskii, I. (2009). Occupational mobility and wage inequality. The Review of Economic Studies, 76 (2), 731-759.
• Kambourov, G., & Manovskii, I. (2013). A cautionary note on using (March) Current Population Survey and Panel Study of Income Dynamics data to study worker mobility. Macroeconomic Dynamics, 17 (1), 172-194.
• Krusell, P., Ohanian, L., Rios-Rull, J.-V., & Violante, G. (2000). Capital-skill complementarity and inequality: A macroeconomic analysis. Econometrica, 68 (5), 1029-1053.
• Lagakos, D., Moll, B., Porzio, T., Qian, N., & Schoellman, T. (2018). Life cycle wage growth across countries. Journal of Political Economy, 126 (2), 797-849.
• Lillard, L. A., & Willis, R. J. (1978). Dynamic aspects of earning mobility. Econometrica, 985-1012. Register for this course