Spoke with this Stanford phd from my cohort a month ago. He has moved away from structural and gone into reduced form labor stuff. He did structural labor but couldn't get his stuff published. Even at economic inquiry, he has trouble (where peter ardiciano is an editor). He has had a much better time publishing reduced form stuff including an ReStat.
Thought I might mention it. The debates over structural and reduced form are interesting, but the above anecdote makes me grateful I didn't train on structural econometrics. It seems like it's nice to know that stuff, but ultimately you are taking risks.