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Labor Economics

Опубликовано на портале: 02-10-2003
Год: Fall 1999
Язык: Английский
Тематические разделы: Экономика, Экономика труда

This course is divided into three parts.

Part I reviews segments of the literature on labor mobility among jobs and among employment states. The course begins with the literature on worker transitions between jobs. This literature is naturally intertwined with models of wage growth within jobs and over the life-cycle. Therefore, we focus on how investments in both information and human capital generate observed patterns of wage growth and mobility decisions over the life-cycle. This will involve an extended discussion of the specificity of worker investments. Next, we turn to models of transitions into and out of unemployment. This section will highlight the role of government policies that affect the relative returns to work and unemployment.

Part II examines labor mobility and the supply of labor from a different perspective. Our focus will no longer be on individual decisions but rather on the movement of workers in and out of unemployment or across sectors of the economy in response to shocks that affect the productivity of labor generally or the relative productivity of labor in different activities. Once again, models of labor movements will generate implications for wage movements. We will pay particular attention to the empirical literature on the relationship between wages and unemployment levels. We explore joint determination of wages and employment levels through implicit and explicit contracts.

Part III examines the theoretical and empirical literature on racial income inequality. We devote considerable attention to the effects of public policy on observed racial income gaps.