Expositor: Mauricio Tejada, UAH
Fecha: Miércoles 17 de octubre de 2018
Hora: 13:00 horas a 14:00 horas.
Lugar: Avda. Santa Clara N° 797,
Campus Ciudad Empresarial,
Sala C-302 – Edificio Cubo
We develop a search and matching model where rms and workers produce output that depends both on match-specic productivity and on worker-specic human capital. The human capital is accumulated while working but depreciates while searching for a job. Firms optimally post the formality status; wages are determined by bargaining. The equilibrium is characterized by an endogenous steady state distribution of human capital and by an endogenous formality rate. We estimate the model on labor market data from Mexico. We nd that human capital accumulation on-the-job is responsible for about one third of the overall value of production. We also nd that human capital upgrading is slower while working informally than formally. This magnifies the negative impact on productivity of the labor market institutions that give raise to informality.