Labor Economics. Xiaomin Gai. Textbooks and References. George J. Borjas, Labor Economics , 5 th edition. Handbook of Labor Economics , various volumes. Course Outline. Part I: Introduction Part II: Labor Demand Part III: Labor Supply Part IV: Labor Market Equilibrium
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–Compensating Wage Differentials
–The wage structure
–Labor market discrimination
Science is built up with facts, as a house is with stones. But a collection of facts is no more a science than a heap of stones is a house.
—Jules Henri Poincare
–Types of goods that we can afford to consume
–The change of labor force participation over time in many industrialized countries and China
–The impact of immigration on the wage and employment opportunities of local/native workers
–The rising wage inequality
–The impact of union on the welfare of both members and non-members
–Minimum wage versus unemployment rate of unskilled workers
–Should governments subsidize the behaviors of human capital investment?
–Does unemployment insurance lengthen the duration of unemployment?
–Does technical change increase unemployment rate?
–Why did labor compensation share (in GDP) decrease over the past decades in China?
Such as labor force participation, the firm’s demand for the high-skill workers, wage determination, the human capital investment, the labor mobility, the labor market discrimination, trade Unions and unemployment.
Workers (utility maximum), firms (profit maximum) and government (influence the supply and demand or change the rules of the game)