Skip to main content

Portrait of Masahiro Yoshida

Masahiro (Masa) Yoshida

Welcome to my website! I am an Associate Professor at the Faculty of Political Science and Economics, Waseda University.

I am on the academic job market in Fall/Winter 2026.

Research

Fields
Applied econometrics, labor economics, environmental economics, and macroeconomics
Interests
Climate change and the reallocation of jobs; man vs. machine in an aging economy
Methods
Applied econometrics, structural modeling, and experiments

Education

  • Ph.D. in Economics, 2020
    Washington University in St. Louis
  • M.A. in Economics, 2016
    Washington University in St. Louis
  • M.A. in Economics, 2014
    The University of Tokyo
  • B.A. in Economics, 2010
    The University of Tokyo

Selected Works

Too Hot to Work? The Erosion of Male Comparative Advantage in Outdoor Jobs
Masahiro Yoshida
October 2026·Major Revision Requested at Journal of Labor Economics·Job Market Paper
I document that men without college degrees increasingly work outdoors, as indoor job opportunities shrink. Rising temperatures drive labor force withdrawal by eroding their comparative advantage in outdoor jobs.
Abstract

Prime-age male labor force participation has trended downward since the 1970s. I develop and test a task-based model in which rising temperatures shrink the outdoor-job premium, by shifting firm labor demand and raising the value of time at home, thereby lowering participation. Measuring daily work-hour temperature across US commuting zones using weather-station data spanning five decades, I find that sustained exposure to extreme heat and cold reduces prime-age men’s participation, especially among non-college workers in nonmetropolitan areas, with little effect for women. The decline is stronger where outdoor jobs and housing amenities (e.g., air conditioning) are more prevalent. Climate change deepens regional and educational divides in men’s labor market attachment.

Climate Change and the Decline of Labor Share
Xincheng Qiu, Masahiro Yoshida
May 2026·Accepted at American Economic Journal: Macroeconomics
We provide a novel hypothesis for the puzzle of the U.S. labor share decline since 2000: climate change speeds up labor-saving technological change (e.g., robot adoption), as capital may be more resistant to temperature than labor.
Abstract

We study the impact of climate change on the labor share. Combining newly constructed US county-industry-level labor shares with climate variables, we find that extreme temperatures reduce the labor share, with stronger effects in industries with higher climate exposure and automation potential. Extreme temperatures also accelerate robot adoption. A back-of-the-envelope calculation suggests that the within-county-industry response to climate change accounts for 15% of the decline in labor share since 2000. Over the 20th century, however, the opposing effects of decreased cold days and increased hot days offset each other, consistent with the historical stability of labor share.

Recent Talks

  • September 12, 2026 · Japanese Economic Association Fall Meeting, Daito Bunka University
  • May 24, 2026 · Japanese Economic Association Spring Meeting, Osaka Metropolitan University