8202 - PUBLIC ECONOMICS
MM-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - DES-LS - CLG-LS - M-LS - IM-LS - ACME-LS - EMIT-LS
Course taught in English
Go to class group/s: 31
The aim of the course is to lay the groundwork for an understanding of Public Economics at a master level.
The course is composed by three main parts.
- The first part analyses the government expenditure with a special focus on social security and education. The approach is mainly theoretical and builds on recent literature in Public Economics and Macroeconomics.
- The second part of the course examines public policies in an open economy, with a view on multiple jurisdictions and migration decisions issues: we discuss how national policies can be sustained in the presence of international labour and capital movements.
- The last part covers issues related to gender gaps in participation and wages: causes and policies aimed at reducing them.
The Welfare State: An Introduction
Social Security
-Pension systems, savings and the accumulation of physical capital
-Pensions and the labour supply
-Pensions and demographics
-Pension design and reform.
-Pensions and risk-sharing
Education
-Private versus Public Provision
-Financing of Schools
-The redistributive effects of education and education financing
Public Policy in Open Economy
-Fiscal competition
-Migration and migration policies
Gender
-Gaps in wages and participation
-Public Policies to reduce gender gaps
Written exam. For students who regularly attend the class, a presentation based on topics agreed upon during the course can complement part of the written exam.
Reference texts are:
- HINDRICKS, MYLES, 2005, Intermediate Public Economics, MIT Press.
- MYLES, Public Economics, CUP, 1998.
- J. GRUBER, Public Finance and Public Policy, Worth Publishers, 2005.
- AEURBACH, FELDSTEIN (eds.) Handbook of Public Economics, vol.2 and 4, North-Holland.
- N. BARR, The Welfare State as Piggy Bank, Part III, OUP, 2001.
Most of the course will be based on articles from scientific journals and working papers. A complete and up-to-date list with an indication of the compulsory readings will be provided at the beginning of the course by each instructor.