1 / 9

Institute of Economics

Institute of Economics. 520 G. Labour Economics Prof. Dr. Thomas Beißinger. . Team. Prof. Dr. Thomas Beißinger C hair of Labour and Service Economics Lectures in: Labour Economics 1: Topics in Advanced Labour Economics Labour Economics 2: Labour Markets and the Macroeconomy

bonnief
Download Presentation

Institute of Economics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Institute of Economics 520 G

  2. Labour Economics Prof. Dr. Thomas Beißinger 

  3. Team • Prof.Dr. Thomas Beißinger • Chair of Labour and Service Economics • Lectures in: • Labour Economics 1: Topics in Advanced Labour Economics • Labour Economics 2: Labour Markets and the Macroeconomy • Supervision of seminar papers and master theses • MartynaMarczak • Research assistant • Tutorials in: • Labour Economics 1: Topics in Advanced Labour Economics • Labour Economics 2: Labour Markets and the Macroeconomy • Supervision of seminar papers and master theses TEAM  OBJECTIVES  LABOUR ECONOMICS 1 LABOUR ECONOMICS 2  SEMINAR 

  4. Objectives of the module • An application of microeconomics, macroeconomics and econometrics to labour market issues • The module creates a strong link to the recent research in the field of labour economics • Students acquire the ability to understand and interpret labour market models and empirical approaches in labour economics. • The curriculum combines the analysis of theoretical concepts with the possibility of an empirical application in the seminar papers or master theses • „Labour Economics“ is an ideal complement to such courses as: „Money and Employment“, „International Trade“, „Public Finance“ and „Econometrics“ TEAM  OBJECTIVES  LABOUR ECONOMICS 1 LABOUR ECONOMICS 2  SEMINAR 

  5. Labour Economics 1: Topics in Advanced Labour Economics • The Theory of Labour Supply • The basic model: budget constraint; preferences; analysis of the labour supply decision; labour market participation; reservation wage; supplied working hours • Effect of unemployment insurance, taxes or wage subsidies on labour supply • Extensions: household production, family models and intertemporal labour supply • The Econometrics of Labour Supply • Ingredients of a labour supply equation • Guide to estimating labour supply • Measurement problems • Nonlinear budget constraints • Natural experiments TEAM  OBJECTIVES  LABOUR ECONOMICS 1  LABOUR ECONOMICS 2  SEMINAR 

  6. Labour Economics 1: Topics in Advanced Labour Economics (cont´d) • Job Search • Basic job search theory: search process and reservation wage; comparative statics of the • basic model; choice among nonparticipation, job-seeking and employment • Extensions: eligibility and unemployment; on-the-job-search; endogeneous search effort • The equilibrium search model and the theory of optimal unemployment insurance • Empirical aspects of job search: hazard function; measuring unemployment insurance benefits; • the determinants of unemployment duration • Literature: Cahuc, P., and Zylberberg, A. (2004), Labor Economics, MIT Press, Chapters 1 and 3 • Type of examination: written exam • Points: 6 EP TEAM  OBJECTIVES  LABOUR ECONOMICS 1  LABOUR ECONOMICS 2  SEMINAR 

  7. Labour Economics 2: Labour Markets and the Macroeconomy • Job Reallocations and Unemployment • Empirical evidence on job flows and worker flows • The matching model: the matching function; the Beveridge curve; behaviour of firms; behaviour of workers; labour market equilibrium; out-of-stationary-state dynamics • Labour Unions • Utility function and behaviour of labour unions • General equilibrium: explanation of unemployment • Extensions: Nash bargaining; the impact of taxes on collective bargaining • Degree of centralization of wage bargaining: the Calmfors-Driffill hypothesis • Insiders and Outsiders: insiders and the persistence of unemployment; labour market segmentation • Empirical evidence regarding the consequences of collective bargaining TEAM  OBJECTIVES  LABOUR ECONOMICS 1 LABOUR ECONOMICS 2  SEMINAR 

  8. Labour Economics 2: Labour Markets and the Macroeconomy (cont´d) • Efficiency Wages • Partial equilibrium: a simple model • The causes of efficiency wages • Empirical evidence • Efficiency wages in a macroeconomic framework: explanation of involuntary unemployment • Literature: • Cahuc P., and Zylberberg A. (2004), ), Labor Economics, MIT Press, Chapter 9; some parts of Chapter 7 • Sorensen P. B., and Whitta-Jacobsen, H. (2005), Introducing Advanced Macroeconomics, • Chapters 12 and 13 • Type of examination: written exam • Points: 6 EP TEAM  OBJECTIVES  LABOUR ECONOMICS 1  LABOUR ECONOMICS 2  SEMINAR 

  9. Seminar • Examples of topics in previous seminars and master theses: • Adverse selection and the labour market • Efficiency wages and dual labour markets • The relationship between inequality and economic growth • Optimal contracting and CEO compensation • The labour market consequences of immigration: theory and empirical evidence for Germany • Health, health insurance and the labour market • The economic analysis of labour market discrimination • Participants are also encouraged to make their own suggestions on the preferred topic, upon consultation with the supervisor • Schedule: presentations take place as a block seminar • Points: 6 EP TEAM  OBJECTIVES  LABOUR ECONOMICS 1  LABOUR ECONOMICS 2  SEMINAR 

More Related