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Instructors: Dr. Ekaterina Skoglund
Event type:
Seminar
Org-unit: Sociology, Politics & Economics
Displayed in timetable as:
Labour Economics
Hours per week:
3
Credits:
5,0
Location:
Campus der Zeppelin Universität
Language of instruction:
Englisch
Min. | Max. participants:
10 | 35
Priority scheme: Standard-Priorisierung
Course content:
The main aim of the course is to introduce students to a set of definitions and models used by labor economics, and further, with help of a set of academic research papers to illustrate how theory can be applied to empirical studies.
The second aim of the course is to further develop students’ skills in articles/essay writing, here with a focus on the topics from labor economics.
Educational objective:
Upon completion of the course the students should:
- Be able to describe the differences and similarities between the labor market and the market of goods
- Be able to explain which types of mismatches/frictions may appear in the labor markets
- Be acquainted with the notion of human capital, and the main determinants of wages (as resulting from the research literature)
- Be able to speak of the labor market outcomes through a prism of family structures
- Distinguish between theories of discrimination and be able to explain the ways to evaluate the extent of wage discrimination used in applied research
- Know main labor market institutions and their impact on individual outcomes
- Understand which data sources may be used to collect information relevant to labor market functioning in different countries of the world
- Be able to reliably demonstrate the knowledge of the most common article/essay structures, basics of development of a systematic literature review, and presentation of evidence in a scientific text
- Earn a (first) experience in giving feedback on the written production of other students
Further information about the exams:
The total grade is composed of two parts:
1) (final) essay (70%). Minimum of 6000 and maximum of 10000 characters without spaces. Topics of the essays will be discussed after the 1st block/part of the course.
2) essay writing and reviewing exercises (30%). The readings and guidelines for this part will be provided to be elaborated at home. Some of the outputs, especially in the part of the best practices and potential challenges, will be discussed during the classes.
Mandatory literature:
Recommended reading
Labor economics:
Borjas, George J. Labour Economics, Seventh Edition, McGraw-Hill, Inc.
Academic writing:
Belcher, Wendy Laura. Writing your journal article in 12 weeks. A guide to academic publishing success. Sage Publications Inc. 2009
(Some) Additional reading
Bazen, S. (2011) Econometric methods for labour economics.Oxford University Press.
Betcherman, G. (2013). Labour market Institutions: a review of the literature. Background paper for the World Development Report.
Boeri, T. and van Ours J. (2008) The Economics of Imperfect Labor Markets. Princeton Univ Press.
Becker, Gary S. (1993). Human Capital. A Theoretical and Empirical Analysis with Special Reference to Education. The Univ of Chicago Press.
Gronau, R. (1977). “Leisure, Home Production, and Work The Theory of the Allocation of Time Revisited." Journal of Political Economy 85, no. 6: 1099-1124.
Modulbeschreibung:
1. Introduction to labor economics
2. Labor supply
3. Home production. The economics of the family
4. Labor demand
5. Human capital theory
6. Labour market equilibrium
- The competitive labor market. Monopsony.
7. Wage differentials and wage structure
- Compensation for risk. Wage inequality.
8. Labour mobility
- Migration as a human capital investment. Job turnover and matching. Intergenerational mobility
9. Labour market discrimination
- Types of discrimination. Glass ceiling and sticky floors
10. Labour market institutions
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