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Last update: Mgr. Anna Papariga (15.09.2022)
The course will provide fundamental understanding of stylized labor supply and demand in their static and advanced versions, and models of wage determination. The course will combine theoretical concepts, empirical evidence and methodologies of empirical approaches including use of econometrics tools and data. Debates involving students about relevance for public policies and mechanism designs will be encouraged. The course has three major goals (i) to guide students through current theoretical and empirical understanding of major labor market issues, (ii) to promote student’s own empirical research on selected topics, (iii) to make students familiar with common research resources, standards and approaches in the field. Throughout the topics, empirical methodological approaches will be clarified (data and techniques econometric / identification). The prerequisite for the course is familiarity with principles of microeconomic theory and econometrics from the 1st year.
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Last update: Mgr. Anna Papariga (15.09.2022)
Numerous selected chapters from: HBLE (Handbook of Labor Economics, Vol. 1, 2, 3, 4A, 4B, Edited by O. Ashenfelter, R. Layard and D. Card, Elsevier) at http://econpapers.repec.org/bookchap/eeelabhes/ HBEE (Handbook of Economics of Education, Vol. 1, 2, 3, 4, Edited by E.A. Hanushek, S.Machin, L.Woessmann, Elsevier) Labor Economics, George Borjas Economics of Migration, Bansak, Simpson and Zavodny Modern Labor Economics, Ehrenberg and Smith Hamermesh, Daniel S. and Albert Rees (1984) “The Economics of Work and Pay” Hamermesh, Daniel S. (1993), “Labor Demand” (Princeton University Press)
Auxiliary reference texts: Econometric Analysis of Cross Section and Panel Data, Jeffrey M. Wooldridge, MIT Press, 2010 A Guide to Econometrics, Peter Kennedy Additional readings (journal articles and papers) will be assigned via course web-site for mandatory and optional readings before and after particular lectures.
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Last update: Mgr. Anna Papariga (15.09.2022)
Grades will be based on student’s performance in the final exam (55%), a term paper i.e. Critical Literature Review = CLR (25%), and an empirical assignment (20%).
The aim CLR is to make students familiar with real empirical econometric analysis on labor econ topic using real empirical data. The CLR is expected to be carefully crafted academic literature review on a course related topic of own choice containing student’s critical insight.
Detailed information, announcements and lecture materials (readings, links, lecture notes, etc.) will be made available via course web page. |
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Last update: Mgr. Anna Papariga (15.09.2022)
LABOR SUPPLY ü Key terms, framework, resources ü Labor supply model, non-linear price lines, participation, tax-ben schemes ü Home production, interpersonal transfers, allocation of (non)market time ü Labor supply over life-cycle ü Retirement and aging; early retirement plans ü Family and work; Family policies
MODELS OF WAGE STRUCTURES ü Human capital and competing models ü Differentials on labor markets by gender and ethnicity, discrimination ü Changes in wage structures, income inequality ü Incentive pay, efficiency wages
LABOR DEMAND ü Static and dynamic labor demand ü Theory of firm (standard, state owned, coops, labor managed)
OTHER SPECIFIC ISSUES ü Job turnover, matching and search, unemployment duration ü Economics of Migration |