Advanced Labor Economics
The course is an introduction to labor economics, emphasizing applied microeconomic theory and empirical analysis. We are especially interested in the link between research and public policy. Topics to be covered include: labor supply and demand, taxes and transfers, minimum wages, immigration, human capital, education production, inequality, discrimination, labor unions, and unemployment.
- Students will be familiar with the classical theory of labor supply and labor demand and it’s predictions of the impacts of public policies,
- will understand how classical theory is extended to explain phenomena such as unemployment, inequality or discrimination,
- will be able to apply methods of modern micro-econometrics to test theoretical models of the labor market,
- will be able to interpret empirical results in the light of economic theory and understand potential shortcomings of empirical research,
- will be encouraged to develop independent research interests in labor economics.
Readings for each week will be assigned one week in advance. Students are expected to read the material in advance and be prepared for class discussions.
Towards the end of the course, each student will give a longer presentation in class either about a planned research project or about papers that are related to the topics covered in the course.
Final grades are based on
- Problem sets: in total 20%
- Participation in class discussions: 10%
- Class presentation: 20%
- Final exam: 50%
- Microeconomics, Econometrics