20294 - LABOUR ECONOMICS
Course taught in English
Go to class group/s: 31
The compulsory courses of the first semester of the MSc (advanced maths and advanced statistics) are sufficient to follow the course, provided that students have already taken some introduction courses in macro and micro. Following the econometrics course of the MSc is a good complement to Labour Economics 20294.
The course objective is to understand how labour markets work, and how they are affected by institutions, by trade policies and by technology. Both empirical evidence and theory are covered. The course provides the basic analytical and empirical tools enabling to write an MA-level dissertation in Labour Economics.
Throughout the course, we reflect and provide answers to the following questions:
- What can explain the presence of unemployment in equilibrium?
- How do the unemployed search for jobs?
- What is the effect of unemployment insurance on job search and on the unemployment rate?
- How to design unemployment insurance rules and employment protection legislation?
- Is there ethnic or gender discrimination in the labor market? Which anti-discrimination policies do government adopt? Which effectiveness?
- What determines the level of education in our economies? Which policies lead young people to invest in education?
- What are the effects of computerization on labor? How does Internet affect the borders between dependent employment and self-employment?
- What are the effects of international migration on employment/unemployment and on wages?
Each question is considered in some theoretical framework. Empirical evidence everages on difference-in-difference methods, and randomized controlled trials.
- Understand different models of the labor market.
- Evaluate different labor market policies.
- Understand the role and extent of discrimination in labor markets.
- Understand the effect of technological progress or globalisation on labor markets and on income inequality.
- Critically assess various models of the labor market.
- Critically assess the methods used in the empirical evaluation of labor market policies.
- Face-to-face lectures
- Group assignments
Group assignments: attending students pick one research article from the list we provide and that complements the lectures. They then present it in front of the class in 30 minutes, including discussion.
|Continuous assessment||Partial exams||General exam|
Attending students take the final exam and present a research article in pairs to the class.
Non attending students take only the final exam.
- Class presentation of an academic paper in groups of 2. Will take place in last 4 classes. 30min presentation (incl questions). 20% of the final grade.
- Written exam, covering the material seen in class, both theory and empirics. 80% of the final grade.
Boeri and vanOurs, The Economics of Imperfect Labor Markets, Princeton University Press, Third edition, 2021
Cahuc, Carcillo and Zylberberg, Labor Economics, MIT Press;