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新结构经济学workshop: Intangibles, Inequality and Stagnation
发布日期：2018-03-26 04:30 来源：大陆成人直播-成人直播中文
新结构经济学workshop: Intangibles, Inequality and Stagnation
时间：2018年3月26日上午10:30-12:00
地点：北京大学英杰交流中心359S会议室
主持人：王歆
主讲人：张圣醒（伦敦政治经济学院）
Abstract:
We examine how aggregate output and income distribution interact with accumulation of intangible capital over time and across individuals. We consider an overlapping generations economy in which managerial skill (intangible capital) is essential for production, and it is acquired by young workers through on-the-job training by old managers. We show that, when young trainees are not committed to staying in the same firms and repaying their debt, a small difference in initial endowment and ability of young workers leads to a large inequality in accumulation of intangibles and lifetime income. A negative shock to endowment or the degree of commitment generates a persistent stagnation and a rise in inequality.
Speaker:
Shengxing Zhang is an Assistant Professor in Economics at London School of Economics and Political Science. His research interests are in macroeconomics, with emphasis on monetary and financial economics. Shengxing's research has been published in Review of Economic Studies, Journal of Economic Theory and European Economic Review. Shengxing received his PhD in Economics from New York University in 2014.
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大陆成人直播
-
新结构经济学workshop: Intangibles, Inequality and Stagnation
发布日期：2018-03-26 04:30 来源：大陆成人直播-成人直播中文
新结构经济学workshop: Intangibles, Inequality and Stagnation
时间：2018年3月26日上午10:30-12:00
地点：北京大学英杰交流中心359S会议室
主持人：王歆
主讲人：张圣醒（伦敦政治经济学院）
Abstract:
We examine how aggregate output and income distribution interact with accumulation of intangible capital over time and across individuals. We consider an overlapping generations economy in which managerial skill (intangible capital) is essential for production, and it is acquired by young workers through on-the-job training by old managers. We show that, when young trainees are not committed to staying in the same firms and repaying their debt, a small difference in initial endowment and ability of young workers leads to a large inequality in accumulation of intangibles and lifetime income. A negative shock to endowment or the degree of commitment generates a persistent stagnation and a rise in inequality.
Speaker:
Shengxing Zhang is an Assistant Professor in Economics at London School of Economics and Political Science. His research interests are in macroeconomics, with emphasis on monetary and financial economics. Shengxing's research has been published in Review of Economic Studies, Journal of Economic Theory and European Economic Review. Shengxing received his PhD in Economics from New York University in 2014.
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