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UID:event-13029@www.amse-aixmarseille.fr
DTSTAMP:20260414T110929Z
CREATED:20260414T110929Z
LAST-MODIFIED:20260414T110929Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Macro and labor market seminar - Mauro Bambi
DTSTART:20260122T133000Z
DTEND:20260122T143000Z
DESCRIPTION:This paper develops a parsimonious model of habit formation in 
 leisure and studies its implications for labour market participation. Leisu
 re habits introduce non-concavities in the instantaneous utility function a
 nd can generate multiple steady states and complex dynamics\, making the id
 entification of optimal policies non-trivial. To address this issue\, we c
 ombine the Pontryagin maximum principle\, dynamic programming\, and numeric
 al phase-diagram analysis to select the unique globally optimal trajectory.
  We\, then\, use our results to study the effects of a temporary\, exogenou
 s cap on labour market participation\, motivated by lockdown policies\, and
  show that\, for a reasonable choice of parameters\, the implied speed of r
 eturn to the pre-shock steady state aligns closely with the data. \\n\\nCo
 ntact: Marco Fongoni : marco.fongoni[at]univ-amu.frAlexandros Loukas : alex
 andros.loukas[at]univ-amu.fr\n\nPlus d'informations: https://www.amse-aixma
 rseille.fr/fr/evenements/mauro-bambi
LOCATION:Îlot Bernard du Bois - Salle 15\, AMU - AMSE\, 5-9 boulevard Maur
 ice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/mauro-bambi
CONTACT:Marco Fongoni : marco.fongoni[at]univ-amu.frAlexandros Loukas : ale
 xandros.loukas[at]univ-amu.fr
TRANSP:OPAQUE
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