Speaker: Associate Professor Tang Haozhou (Institute of Advanced Economic Research, Dongbei University of Finance and Economics)

Host: Assistant Professor Lan Lan (Li Anmin Institute of Economic Research, Liaoning University)

Guest Speaker Introduction: Assistant Professor Yang Guohao (Li Anmin Institute of Economic Research, Liaoning University)

Time: 10:00-11:30 a.m. (Beijing Time), Friday, October 10, 2025

Venue: Conference Room on the 1st Floor, Wuzhou Garden, Chongshan Campus, Liaoning University

Online Access: Tencent Meeting ID: 730-281-8924

Language: Chinese/English

Abstract

We develop a model featuring heterogeneous workers and firms, where firms operate as hierarchies of differentiated positions. Labor markets clear via a one-to-many sorting mechanism, with firms deciding both the number of workers for each position and the types of workers assigned to those positions. This process shapes (1) the within-firm structure of positions, (2) the wage distribution among workers, and (3) the productivity distribution across firms. We study business cycles in the presence of a market efficiency shock, which disproportionately affects better-performing firms. The model aligns with recent empirical findings on the cyclical behavior of wage and productivity distributions.

Speaker Profile

Tang Haozhou is an Associate Professor at the Institute of Advanced Economic Research, Dongbei University of Finance and Economics. He obtained his PhD in Economics from Pompeu Fabra University (Spain) and once worked as a researcher at the Bank of Mexico. His main research interests focus on macroeconomic theory and financial markets, and he has published papers in Journal of Monetary Economics (a top international journal in the field of economics, focusing on monetary economics, macroeconomics, financial markets, etc.).