Everyone is welcome to attend.  Refreshments will be served in the Math Lounge before the exam.

Wednesday, November 29, 2017
3:10 p.m.
BA6183

PhD Candidate:  Rosemonde Lareau-Dussault
Supervisor:  Robert McCann
Thesis title:  Coupled Education and Labour Market Models

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Abstract:

This study addresses the dynamics of the distribution of skills in a population over many generations. Two overlapping generation models are proposed: the first assumes complete information, which allows (and requires) all generations to be solved simultaneously, while the second assumes incomplete information, forcing the competitive equilibrium at each subsequent generation to be found iteratively. Both models combine a labour and an education matching problem. The skill distribution for each generation of adults is determined from that of the previous generation by the educational matching market.

We present conditions for the sequence of adult skills to converge. Then we study the asymptotic which is specific to each model. For the incomplete information model, we prove that, if the sequence of wage functions over the generation converges, the limiting steady state solves the steady state model of Erlinger, McCann, Shi, Siow, and Wolthoff (2015), which allows us to get an explicit formulation for solutions of the model of Erlinger et al. To study the limiting solution of the complete information model, we introduce a new steady state model, which includes a discounting factor to reduce the impact of future generations relative to how far in the future they are.

A copy of the thesis can be found here: rosemonde_lareau_dussault-thesis

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