Dear all,

we kindly invite you to our next Economic Theory & Policy talk 
on Mon, 8th of June, 2026, 1:30 PM - TU Wien,  Sem.R. DA yellow 03 (Freihaus Building, 3rd floor, yellow area)

Chi Hyun Kim (HU Berlin) https://sites.google.com/site/chihyunkimecon/

“Measuring the Effects of Aggregate Shocks on Unit-Level Outcomes and Their Distribution”

This paper studies the effect of aggregate shocks on micro-level outcomes. We develop and estimate a cross-sectional units vector autoregression (csuVAR) that combines aggregate variables with unit-level outcomes, earnings in our application. The csuVAR also allows us to reconstruct the cross-sectional distribution from the unit-level outcomes. We contrast the csuVAR with a functional VAR model (fVAR) that is designed to directly track the evolution of macroeconomic aggregates and a cross-sectional distribution, but not individual units. In an empirical application we examine the effect of productivity shocks on the unit-level labor earnings dynamics in Germany, using a panel data set constructed from the Sample of Integrated Labour Market Biographies (SIAB) published by Institute for Employment Research (IAB) of the German Federal Employment Agency.

Further events: https://www.tuwien.at/en/mg/econ/events
 
Best,
Julia 
 
Julia Hutter
TU Wien
Institute of Statistics and Mathematical Methods in Economics
Research Group Economics
Phone: +43 1 58801 10531
Mail: julia.hutter@tuwien.ac.at
https://econ.tuwien.ac.at/