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All Outputs (6)

Labour immobility between industries: Consequences for the macroeconomy (2024)
Journal Article
Basu, P., Chivers, D., & Park, C. (2024). Labour immobility between industries: Consequences for the macroeconomy. Economic Systems, 48(2), Article 101184. https://doi.org/10.1016/j.ecosys.2024.101184

Workers are failing to move to the most productive industries, despite the offer of higher wages. In order to explain this phenomenon, we provide evidence that when an industry experiences a positive, labour-productivity shock, it is subsequently har... Read More about Labour immobility between industries: Consequences for the macroeconomy.

Success, Survive or Escape? Aspirations and Poverty Traps (2017)
Journal Article
Chivers, D. (2017). Success, Survive or Escape? Aspirations and Poverty Traps. Journal of Economic Behavior and Organization, 143, 116-132. https://doi.org/10.1016/j.jebo.2017.09.018

I present a model of occupational choice where an agent decides whether to invest in a project that yields risky returns or a project that yields safe returns. An agent's utility is affected by the presence of an aspiration level which will only be s... Read More about Success, Survive or Escape? Aspirations and Poverty Traps.

Success, survive or escape? aspirations and poverty traps (2017)
Preprint / Working Paper
Chivers, D. (2017). Success, survive or escape? aspirations and poverty traps

I present a model of occupational choice where an agent decides whether to invest in a project that yields risky returns or a project that yields safe returns. An agent’s utility is a¤ected by the presence of an aspiration level which will only be sa... Read More about Success, survive or escape? aspirations and poverty traps.

Employment-based health insurance and misallocation: Implications for the macroeconomy (2016)
Journal Article
Chivers, D., Feng, Z., & Villamil, A. (2017). Employment-based health insurance and misallocation: Implications for the macroeconomy. Review of Economic Dynamics, 23, 125-149. https://doi.org/10.1016/j.red.2016.09.002

Most working-age Americans obtain health insurance through the workplace. U.S. law requires employers to use a common price, but the value of insurance varies with idiosyncratic health risk. Hence, linking employment and health insurance creates a we... Read More about Employment-based health insurance and misallocation: Implications for the macroeconomy.

Fearing the worst: the importance of uncertainty for inequality (2015)
Journal Article
Blackburn, K., & Chivers, D. (2015). Fearing the worst: the importance of uncertainty for inequality. Economic Theory, 60(2), 345-370. https://doi.org/10.1007/s00199-015-0876-9

We present an overlapping generations model in which aspirational agents face uncertainty about the returns to human capital investment. This uncertainty implies the prospect that aspirations will not be fulfilled, the probability of which is greater... Read More about Fearing the worst: the importance of uncertainty for inequality.