Aims:
This course provides an overview of key topics in the field of labour economics. More specifically, the course:
- teaches the key elements of labour economics
- uses labour economics to say something about how real world phenomena related to the labour market work
- shows how models in labour economics derived from first order principles can inform empirical analysis and policy
- is strongly empirically motivated, but also stresses the links between theoretical and empirical research
- touches at commonly used empirical methods to obtain causal effects (difference-in-differences, instrumental variables, regression discontinuity)
- covers key papers (often written 15-20 years ago) in conjunction with related (unpublished) papers at the current research frontier
Course outline:
- Lecture 1: Human Capital and Wages
- Lecture 2: The Sources of Wage Growth
- Lecture 3: The Structure of Wages and Inequality of Earnings I
- Lecture 4: Inequality: Supply, Demand, Institutions, and Polarisation
- Lecture 5: Discrimination and Symmetric Employer Learning
- Lecture 6: Asymmetric Information and Labour Markets
- Lecture 7: Self-Selection and the Roy Model
- Lecture 8: Monopsony in the Labour Market and Minimum Wages
- Lecture 9: The Effect of Migration on Wages and Employment
- Lecture 10: Social Interactions, Networks, and Neighbourhood Effects
Taught by: | |
Assessment: | There is a 2-hour unseen written exam in the third term and there will be 6 tutorial classes with 5 written assignments of which 3 have to be submitted. |
Suitable for: | Graduate students |
Prerequisites: | ECON0064: Econometrics |
Moodle page: | ECON0062 |