Emil Kostadinov

Contact Room S0.85 Phone: +442476151095

Information Department of Economics Email: Emil.Kostadinov@warwick.ac.uk
University of Warwick Email: e.kostadinov@hotmail.com
Coventry CV4 7AL url: http://emilkostadinov.weebly.com
UK

Nationality: Bulgarian

Current Assistant Professor (Teaching focused), University of Warwick, UK 09/2022-

Position present

Previous Teaching Fellow, University of Warwick, UK 09/2018-09/2022

Positions
Post-Doc, University of Konstanz, Germany 10/2017-09/2018

Education PhD, Economics, University of Essex, Colchester, UK 9/2012-5/2017

• Thesis title: Essays on inequality under frictional labour markets
• Supervisors: Dr Carlos Carrillo-Tudela and Prof Melvyn Coles
• Viva Examiners: Prof Eric Smith (University of Essex) and Prof Leo Kaas (University
of Konstanz)

MSc, Economics, University College London, London, UK 9/2010-9/2011

BSc (Hons), Economics, University of Warwick, Coventry, UK 9/2007-6/2010

Research Frictional labour markets, Wealth and earnings inequality

Interests

Work in Labour market frictions, endogenous retirement, and wealth (with Melvyn
Progress Coles)

This paper studies the relationship between workers’ plans about when to retire and their
optimal labour-market and saving behaviour prior to retirement. It documents a number
of facts related to household saving behaviour and the distribution of wealth, which are
at odds with core predictions of canonical life-cycle models. First, wealthy households of
given long-term earnings and age save more than wealth-poor households with identical
characteristics. Second, many households (with both low and high earnings) approach
typical retirement age with less wealth than implied by a canonical model. The paper
formulates a model of optimal labour-market and saving behaviour of risk averse workers
in frictional labour markets which emphasises efficient retirement choice and demonstrates
that heterogeneity in retirement plans explains the observed patterns.

On-the-job search, human capital accumulation and endogenous firm

productivity

This paper studies the implications of human capital accumulation for firms’ decisions
to invest in match-specific productivity. It brings a novel insight into the relationship
between human capital accumulation and the equilibrium wage distribution. The paper

1 of 3
 extends a wage-posting model of on-the-job search with learning-by-doing by introducing
an investment choice in the firms’ problem. I solve the model numerically and show
that the dispersion and skewness of the wage distribution increases with the rate of
human-capital accumulation, and the effect is quantitatively large.

Wealth and labor market outcomes: evidence from the SIPP 1996-2000

This paper studies the empirical relationship between wealth, re-employment wages and
unemployment durations. The analysis complements a closely related literature by using
new data from the Survey of Income and Program Participation. As in prior studies,
negative relationship between net worth and hazard rates to employment is documented.
In disagreement with prior studies, the relationship between re-employment wages and
net worth is found to be non-monotonic - re-employment wages decrease with net worth
while the latter is negative and then increases when positive. It is argued that prior
findings likely result from misspecification and their causal interpretation is disputed.

Research Research assistant to Dr Carlos Carrillo-Tudela and Prof Eric Smith 2015-2016
Experience

Teaching Lectures
Experience
• Topics in Applied Macroeconomics (MSc), Warwick 2018-present
• Topics in Applied Economics (BSc), Warwick 2019-present
• Mathematical Techniques A (BSc), Warwick 2019-present
• Macroeconomics II (BSc), Konstanz 2017-2018
• Mathematics and Statistics (MSc pre-sessional), Essex 2016-2017

Undergraduate and MSc Dissertation Supervision, Warwick 2019-present

Tutorials
• Department of Economics, University of Warwick
• Macroeconomics 1 (BSc), Economics for Business (BSc), Macroeconomics A
(MSc), Analysis 2: Macroeconomics (MSc), Introduction to Quantitative Economics
(BSc), Mathematics and Statistics (MSc pre-sessional) 2018-present
• Department of Economics, University of Essex
• Intermediate Microeconomics (BSc), Intermediate Macroeconomics (BSc) (2013-
2017); Economics for Business (BSc), Monetary Economics (MSc) (2016-2017);
Introduction to Economics (BSc) (2015-2016) ; Research project (BSc) (2014-
2015); Numerical methods using Matlab (PhD) (2013-2015)
• Essex Summer School
• Longitudinal Data Analysis 7/2016

Level D2 Fellow, Higher Education Academy 2022-present

Level D1 Associate Fellow, Higher Education Academy 2014-2022

Fellow, Warwick International Higher Education Academy 2022-present

Fellow, Warwick Institute of Engagement 2022-present

2 of 3
Positions of Year Tutor (Department of Economics, Warwick) 9/2019-present
Responsibility
and Engagement Year 1 Exams Coordinator (Department of Economics, Warwick) 9/2019-9/2020

Member of WEDGG committee 9/2019-present

URSS applications reviewer 9/2018-present

Scholarships Economic and Social Research Council +3 studentship 9/2012-9/2015

Software Matlab, R, julia, Stata, Mathematica, Dynare

Packages

Languages Bulgarian (native), English (fluent), Russian (intermediate), German (basic)

Referees Dr Carlos Carrillo-Tudela Prof Melvyn Coles

University of Essex University of Essex
Department of Economics Department of Economics
CO4 3SQ, Colchester, UK CO4 3SQ, Colchester, UK
cocarr@essex.ac.uk mcole@essex.ac.uk

Prof Leo Kaas Prof Caroline Elliott

Goethe University Frankfurt University of Warwick
Department of Macroeconomics Department of Economics
60629 Frankfurt, Germany CV4 7AL, Coventry, UK
kaas@wiwi.uni-frankfurt.de Caroline.Elliott@warwick.ac.uk

Last updated: February 8, 2023 •

3 of 3