Speaker: Qiu Xincheng, Assistant Professor (School of Economics and Management, Peking University)
Host: Xu Rui, Assistant Professor (China Economic Research Institute, Liaoning University)
Guest Introduction: He Chao, Associate Professor (China Economic Research Institute, Liaoning University)
Time: November 1, 2024 (Friday) 14:00-15:30 (Beijing Time)
Location: Meeting Room 1, Wuzhou Garden, First Floor, Chongshan Campus, Liaoning University
Online Address: Tencent Meeting 358-6417-4104
Language: Chinese/English
Abstract: This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or not work at all, time spent with children, and child-related expenditures, we find that income risk impacts skill accumulation, permanently lowering children's skill levels. To the extent that making up for cognitive skill losses during childhood is hard—as available evidence suggests—uninsurable income risk can negatively impact the labor market prospects of future generations.
Speaker Biography: Qiu Xincheng is an Assistant Professor at the School of Economics and Management, Peking University. He graduated with a PhD from the University of Pennsylvania in 2023, and obtained both his bachelor's and master's degrees from Peking University. His research areas include macroeconomics, labor economics, and dynamic firm behavior. His research has been published in top international journals in macroeconomics, including the Journal of Monetary Economics and the Journal of Political Economy Macroeconomics, and two of his studies have received invitations for revision from the Review of Economic Studies, one of the five leading economics journals. He has won the Best Young Scholar Paper Award at the China Macroeconomic International Conference twice, received the Academic Rising Star Award from the China Scholars Association in the U.S., the Best Paper Award from the Zou Zhizhuang Award, and the Best Dissertation Award and Dean's Scholar Honors from the University of Pennsylvania.
