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DTSTAMP:20241003T160005
DTSTART;TZID=America/Detroit:20241009T143000
DTEND;TZID=America/Detroit:20241009T155000
SUMMARY:Workshop / Seminar:Working and Saving Informally: The Link between Labor Market Informality and Financial Exclusion.
DESCRIPTION:The high level of informality and the low level of savings observed in developing countries are fundamentally linked because informal workers have limited access to formal financial institutions. We study this link by developing and estimating a labor market model where workers can be employed both formally and informally and agents can save through both formal and informal financial institutions. We estimate the model on nationally representative data for Colombia and use the estimated model to simulate counterfactual experiments. Results show that reaching full financial inclusion of informal workers would increase both saving and borrowing\, leading to doubling the proportion of assets held in formal financial institutions by informal employee workers. As a byproduct\, asset inequality would decrease by about 20%.
UID:127393-21858972@events.umich.edu
URL:https://events.umich.edu/event/127393
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:seminar,Economics,Labor
LOCATION:Lorch Hall - 201
CONTACT:
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BEGIN:VEVENT
DTSTAMP:20241003T181627
DTSTART;TZID=America/Detroit:20241009T150000
DTEND;TZID=America/Detroit:20241009T160000
SUMMARY:Presentation:2024 Helmut W. Baer Lecture | When a Symmetry Breaks
DESCRIPTION:This will be a hybrid event. Livestream Link: https://youtu.be/gYRV6uM1fOU\n\nWhat is common among a magnet\, a flounder\, a rack of laundry\, your heart on the left of your body\, and the Higgs boson? The concept of spontaneous symmetry breaking is ubiquitous among many natural phenomena. I'll describe the basic concept and its applications. In particular\, the original concepts from Anderson\, Nambu\, Goldstone\, and Higgs do not quite work in many systems that include a magnet on your fridge. I generalize the concept so that it is applicable to all known natural phenomena around us.\n\nPlease join us for a reception outside of 340 West Hall from 2:00-3:00 pm prior to the lecture.
UID:124537-21853168@events.umich.edu
URL:https://events.umich.edu/event/124537
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Physics,AEM Featured
LOCATION:West Hall - 340
CONTACT:
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