ISET

On Thursday April 6, ISET hosted Professor Giorgio Brunello, who delivered a seminar for the ISET community. The title of his presentation was “Does Delayed Retirement Affect Youth Employment? Evidence from Italian Provinces”. According to his researcg, pension reforms that raise minimum retirement age increase the pool of senior individuals aged 50+ who are not eligible to retire from the labor market.

During the presentation, Professor Brunello claimed that reforms typically affect all local labor markets and the intensity of the treatment varies locally because of differences in the age structure of the labor force. Using data from Italian provinces and an instrumental variable strategy, the main interest of research was whether and how changes in the local supply of older workers have affected youth and prime age employment between 2004 to 2015.

On April 6, ISET hosted a seminary by World Bank Senior Director on Gender Ms. Caren Grown, on Gender Equality as a Smart Development Policy in Georgia. Ms. Caren Grown was invited as part of the anti-corruption course jointly organized by ISET and the NHH (the Norwegian School of Economics).

Ms. Grown discussed the relationship between economic development and gender equality in global and Georgian contexts, and the remaining gaps in both. Gender equality was reviewed in three dimensions: human endowments (health and education), economic opportunities, and voice and agency. The main motto of the seminar was, as Ms. Grown mentioned several times, “difference does not mean that we are unequal”. While presenting, Ms. Grown often referred to Norwegian examples and comparisons in order to give a better idea to students how two countries such as Georgia and Norway stand in gender equality.

On February 20, ISET students delivered yet another policy seminar. The seminar was opened by Eric Livny, the president of ISET, who delivered an inspirational speech regarding the jobs of the future. He posed the question, “In this rapidly changing world, what do we need to teach schoolchildren today so that their skills and knowledge are still relevant ten or twenty years from now?”. This could be considered something of a million-dollar question, since in the next few decades, artificial intelligence seems likely to push humans out of the job market; if the Industrial Revolution of the 19th century created such a massive urban working class, the new technology revolution will create a massive class of useless people. Mr Livny also talked about the issue of degree inflation, and the disoriented universities that contribute to unemployment all over the world with meaningless degrees. As formal certification gradually loses its power, Mr Livny's suggestion was to create an online skills platform where those who offer their services are assessed by the number of stars.

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