During Michaelmas Term, OxTalks will be moving to a new platform (full details are available on the Staff Gateway).
For now, continue using the current page and event submission process (freeze period dates to be advised).
If you have any questions, please contact halo@digital.ox.ac.uk
I examine how social status affects occupational sorting in a model with two occupations, academia and finance. Workers care about wages and social status, which has two components: occupational prestige (the occupation’s rank among other occupations) and local status (the worker’s within-occupation rank). The main insight is that the two components of social status act as complements: If the local status component plays an important role in academia, then academia attracts many high-skilled workers, which increases academia’s prestige and compensates the low-ranked academics for their meager local status. Consequently, social status can influence occupational sorting profoundly if workers value both components of status.
Link to paper: www.pawelgola.com/StatusLabourMarketsGola
Please sign up for meetings here: docs.google.com/spreadsheets/d/1WTp83AxJaVGv6sMlwBer43q68i43dAe9BSeyb26ypa4/edit#gid=0