【Macro Seminar】Wage Spillovers across Sectors: Evidence from a Localized Public-Sector Wage Cut
2025/04/15
研討會日期 : 2025-04-15
時間 : 10:30
主講人 : Professor Atsushi Yamagishi
地點 : Conference Room B110
主持人 : Professor Han Yang
演講者簡介 : Professor Atsushi Yamagishi received his Ph.D. in Economics from Princeton University in 2024. He is currently an Associate Professor at Hitotsubashi University. His research interests are Urban and Spatial Economics, Labor Economics, Public Economics, and Japanese Economy.
演講摘要 : We study how institutional wage reforms in one sector spill over to other sectors by analyzing the public sector. We leverage the Japanese policy reform that cut public-sector wages only in certain municipalities and the institutional setting in which only young workers are eligible for public-sector jobs. We find that a 1% public-sector wage cut reduces the private-sector wages of young workers by 0.3%. This spillover elasticity is greater when public-sector jobs are more important as workers' outside options. We also find that the migration outflow of young workers, consistent with the decline in their welfare in spatial equilibrium.
