CEMFI

CEMFI is inviting applications for one position of Research Assistant (Pre-doc)
cemfi.es/all_news_blog_…

How does subcontracting affect aggregate productivity and the cost of adjustment frictions?

JMC @jsegura_b finds that it raises productivity, more through specialization than flexibility, and that ignoring it overstates the losses from firing costs

jsegurabuisan.github.io

Are the skills you learn on the job yours to keep?

JMC @EugenioRenedo finds that firms differ in how much of what workers learn on the job is portable to other employers, and that these differences shape wage inequality and the cost of job loss

erenedo.github.io

Does overlapping ownership affect the supply chain?

JMC @mdfernandez_ finds overlapping owners foster trading partnerships between companies in their portfolios, but can also create asymmetric managerial incentives that lead to tunneling opportunities

daniel-fernandez.com

Why are countries industrializing less?

JMC @MartaDomnguezJ1 shows early workforce aging erodes manufacturing's comparative advantage. In a model calibrated to Indonesia, younger demographics alone raise peak manufacturing job share by 26% & boost growth

martadominguez-jimenez.github.io