This is a past event
A research seminar with Professor Stephen Machin, Professor of Economics and Director of the Centre for Economic Performance at the London School of Economics.
Speaker: Prof. Steve Machin (London School of Economics)
Time: 15:00 – 16:15 (1h talk & 15min Q&A)
Title: Unequal learning and labour market losses in the crisis: consequences for social mobility
Abstract: The unequal learning and labour market losses arising in the UK due to the Covid-19 pandemic are used to assess the consequences for social mobility. Labour market and learning losses have been more pronounced for people from poorer families and this is incorporated into a generalisation of the standard, canonical social mobility model. A calibration shows a significantly higher intergenerational elasticity – reflecting lower social mobility – because of the uneven nature of losses by family income, and from dynamic scarring. Results from a randomised information experiment incorporated in a bespoke Social Mobility Survey corroborate this, as participants become more sceptical about the social mobility prospects of the Covid generation when given information about the losses that have occurred in the crisis.
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To register please contact Dr Yu Aoki, Lecturer in Economics - y.aoki@abdn.ac.uk