Estimados Académicos y Académicas FEN,

Les extendemos la invitación al seminario que organiza el Departamento de Economía, en el que se presentará el trabajo titulado "Labor Market Power, Self-Employment and Development".

Expone: Pamela Medina Quispe, Profesora Asistente, Universidad de Toronto.

Co-autores: Francesco Amodino (McGill) y Monica Moriacco (USC).

Abstract: This paper shows that self-employment shapes labor market power in low-income countries, with implications for industrial development. Using Peruvian data, we show that wage-setting power increases with concentration, but less so where self-employment is more prevalent. We build a general equilibrium model of oligopsony with worker sorting between wage work and self-employment. Concentration depresses wages, but self-employment increases workers’ sensitivity to wage changes, curbing labor market power. Policies to create salaried jobs make self-employment less attractive, reducing labor supply elasticity and increasing markdowns. Counterfactual analyses show that eliminating labor market power can boost industrial policy effectiveness by up to 60%. 

El formato será presencial y el seminario se desarrollará en la Sala 1605.

Saludos cordiales,

Dirección de Investigación