Firms, human capital, and careers

Project Summary:

Building on recent work in labor economics focused on the role of firms, this research seeks to shed light on the importance of firms specifically in the careers of young workers. Using administrative matched employer-employee data, the researcher seeks to document facts regarding access to high-wage firms and movements between high- and low-wage firms over the span of a worker’s career. This has the potential to improve our understanding of cohort inequality as well as potential scarring effects of recessions.


Sydnee Caldwell is a Ph.D. student in the Department of Economics at the Massachusetts Institute of Technology. Her research interests include topics in labor economics, applied econometrics, and public finance. She is affiliated with the School Effectiveness and Inequality Initiative at MIT where she is involved in SEII research on the effect of need-based financial aid on post-secondary educational attainment. Previously, she worked as a Senior Research Analyst in the Research and Statistics Group of the Federal Reserve Bank of New York.