Contact Information

Ellen R. McGrattan
4-161 Hanson Hall
612-625-6714
erm@umn.edu

Office Hours
By appointment

Mailing Address
Department of Economics
University of Minnesota
4-101 Hanson Hall
1925 4th St S
Minneapolis, MN 55455

Research Materials











2018 Job Market Candidates:

Serdar Birinci website long abstract
Serdar documents a small spousal earnings response to the job displacement of the family head in recessions, when earnings losses are larger and additional insurance is most valuable. Using a heterogeneous-agent model validated against female labor supply and consumption elasticities, he shows that existing countercyclical transfers substantially crowd out spousal labor supply upon the head's displacement in recessions. He also studies the optimal design of transfers and finds that it is interestingly less generous in recessions when incentive costs on spouses are larger.

David Bradley website long abstract
David studies the effect of an increasing number of college-educated immigrants and their highly educated, high earning children on both labor markets and public finances in the United States. Contrary to previous work, David finds that immigrant children are a benefit for public finances and that expanding skilled immigration would make workers both with and without a college degree better off.

Marcos Dinerstein Madenfrost website long abstract
Marcos quantifies the effect on aggregate productivity of an improvement in financial development in economies where employment protection laws make it costly for firms to fire workers. Using plant-level data from Chile to discipline a model where firms face both firing costs and financial frictions, he finds that aggregate productivity increases by 2.5 percent following a financial reform. Ignoring firing costs understates the impact of the reform, predicting an increase of only 0.3 percent, because these costs lead to an inefficient allocation of capital.

Emily Moschini website long abstract
Emily compares the welfare effects of universal, family-tested, and poverty-tested child care subsidies. To do this, she estimates how parental and non-parental time affect child skill accumulation for one and two-parent families, and incorporates her estimates into an OLG framework with a marriage market. She finds that universal subsidies yield the highest welfare gains, by providing insurance against the risks all newborns face while allowing tax rates to decrease.

Fausto Patiño Peña website long abstract
Fausto studies the effect of occupational licensing on welfare and labor market outcomes in product markets associated with low-skilled occupations. He analyzes a model with informational asymmetries in the product market and occupational choice in the labor market. Parameters of the model are chosen to match certain moments in SIPP and ONET data. Fausto finds that a licensing policy reform that eliminates licensing training requirements lowers welfare by reducing the productivity of licensed workers and, hence, reducing the quality of the goods they produce.

Kurt See website long abstract
Kurt quantifies the macroeconomic and welfare consequences of introducing a universal healthcare system, placing emphasis on its labor market effects. He develops an equilibrium lifecycle model that can account for the puzzlingly wide range of estimates on labor supply responses to public health insurance generosity found in microeconomic experiments. With this model, he finds that the policy reform results in higher reservation wages, a corresponding reduction in firm vacancy creation, both of which lead to a large decline in the job finding rate. The lower job-finding rate outweighs insurance benefits, leading to substantial welfare losses especially to low-wealth households.