I am an applied economist. In my research, I try to understanding interactions between labor markets, the safety net and determinants of income and consumption inequality. I am PI on several grants from the Norwegian Research Council, a research fellow at IZA. I am also an associate editor of JEEA.
Publications
Grindaker, Morten Haabeth; Kostøl, Andreas Ravndal & Roszbach, Kasper (2025)
Make it or Break it: Corporate Bankruptcy and Management Careers
Working Paper, Norges Bank
Galaasen, Sigurd; Monras, Joan, Vogel, Jonathan & Kostøl, Andreas Ravndal (2025)
The Labor Supply Curve is Upward Sloping: The Labor Market Effects of Immigrant-Induced Demand Shocks
NBER Working Paper Series
Grindaker, Morten Haabeth; Merkle, Matthew & Kostøl, Andreas Ravndal (2024)
Corporate Bankruptcy and Labor Market Insuranc
IZA Discussion Papers
Berger, David; Herkenhoff, Kyle, Kostøl, Andreas Ravndal & Mongey, Simon (2024)
An Anatomy of Monopsony: Search Frictions, Amenities, and Bargaining in Concentrated Markets
Despite the implications for policy, empirical evidence on the relative importance of factors that shape labor supply responses is missing. This paper helps fill this gap and quantifies the role of information frictions versus other frictions by combining notches in the Norwegian welfare system and quasi-experimental variation in access to information about the slope and location of kinks. While we estimate a frictionless elasticity of 0.3, overall frictions attenuate this elasticity by about 70 percent. We find the information letter increased the earnings elasticity from 0.06 to 0.15, implying that information frictions account for at least 30 percent of total attenuation.
Autor, David; Kostøl, Andreas Ravndal, Mogstad, Magne & Setzler, Bradley Jackson (2019)
Disability Benefits. Consumption Insurance. and Household Labor Supply
There is no evaluation of the consequences of Disability Insurance (DI) receipt that captures the effects on households' net income and consumption expenditure, family labor supply, or benefits from other programs. Combining detailed register data from Norway with an instrumental variables approach based on random assignment to appellant judges, we comprehensively assess how DI receipt affects these understudied outcomes. To consider the welfare implications of the findings from this instrumental variables approach, we estimate a dynamic model of household behavior that translates employment, reapplication, and savings decisions into revealed preferences for leisure and consumption. The model-based results suggest that on average, the willingness to pay for DI receipt is positive and sizable. Because spousal labor supply strongly buffers the household income and consumption effects of DI allowances, the estimated willingness to pay for DI receipt is smaller for married than single applicants.
Kostøl, Andreas Ravndal & Mogstad, Magne (2015)
Earnings, disposable income, and consumption of allowed and rejected disability insurance applicants
The Labor Supply Curve is Upward Sloping: The Labor Market Effects of Immigrant-Induced Demand Shocks
[Academic lecture]. Frischsenteret & Universitetet i Oslo Economics Seminar.
Kostøl, Andreas Ravndal (2025)
The Labor Supply Curve is Upward Sloping: The Labor Market Effects of Immigrant-Induced Demand Shocks
[Academic lecture]. Cowles Foundation Public and Labor Economics.
Kostøl, Andreas Ravndal (2024)
How Local Are Consumption Responses to Local Economic Shocks
[Academic lecture]. Federal Reserve Bank of San Fransisco Research Seminar.
Kostøl, Andreas Ravndal (2024)
Corporate Bankruptcy and Labor Market Insurance
[Academic lecture]. University of Stavanger.
Kostøl, Andreas Ravndal (2024)
Corporate Bankruptcy and Labor Market Insurance
[Academic lecture]. New York University Applied Economics Seminar.
Kostøl, Andreas Ravndal (2023)
The Internet, Search Frictions and Aggregate Unemployment
[Academic lecture]. University of Manchester Economics Seminar.
Kostøl, Andreas Ravndal (2023)
The Internet, Search Frictions and Aggregate Unemployment
[Academic lecture]. Washington University at St Louis Economics Seminar.
Kostøl, Andreas Ravndal (2023)
The Internet, Search Frictions and Aggregate Unemployment
[Academic lecture]. Federal Reserve Bank of New York Research Seminar.
Vigtel, Trond Christian; Bhuller, Manudeep & Kostøl, Andreas Ravndal (2020)
How Broadband Internet Affects Labor Market Matching
[Report]. Center for Research & Analysis of Migration.
How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi-experimental variation in internet use. This paper helps fill this gap using plausibly exogenous roll-out of broadband infrastructure in Norway, and comprehensive data on recruiters, vacancies and job seekers. We document that broadband expansions increased online vacancy-postings and lowered the average duration of a vacancy and the share of establishments with unfilled vacancies. These changes led to higher job-finding rates and starting wages and more stable employment relationships after an unemployment-spell. Consequently, our calculations suggest that the steady-state unemployment rate fell by as much as one-fifth.
Kostøl, Andreas Ravndal (2019)
How Broadband Internet Affects Labor Market Matching
[Academic lecture]. 5th joint ECB/CEPR Labour Market Workshop Labour market adjustments.
Kostøl, Andreas Ravndal (2019)
How Broadband Internet Affects Labor Market Matching
[Academic lecture]. Workshop: Matching Workers and Jobs Online.
Kostøl, Andreas Ravndal (2019)
How Broadband Internet Affects Labor Market Matching
[Academic lecture]. NBER Summer Institute 2019 Labor Studies.
Kostøl, Andreas Ravndal (2018)
How Broadband Internet Affects Labor Market Matching
