4407: Labour Economics ( efterår 2011 - 10 ECTS )
Rammer for udbud
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Uddannelsessprog:
engelsk
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Niveau:
Elective MSc course and IMSQE course (2007)
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Semester/kvarter:
Autumn 2011
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Timer per uge:
3-4 hours per week. Timetables can be found at: http://econ.au.dk/studies/teaching-and-examination/teaching/timetables/
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Deltagerbegrænsning:
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Undervisningssted:
Århus
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Hovedområde:
Det Samfundsvidenskabelige Fakultet
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Udbud ID:
28667
Formål
LEARNING OBJECTIVES:
The students should be able to
• Analyze economic issues related to the labour market
• Reflect on the different theoretical and empirical methods that are used to analyse labour economic situations.
• Analyze and assess how labour market institutions affect the functioning of the labor market
Indhold
COURSE DESCRIPTION:
The course takes a tour through modern labour economics. The main focus is on empirical and theoretical investigations on the functioning of the labour market from a microeconomic perspective. The choice of topics will vary according to the most recent research agenda in microoriented labour economics. Natural topics are how agents in the labour market react to the design of labour market institutions like unemployment insurance benefits, active labour market policies, employment protection legislation and so forth.
In addition, topics from other, but strongly related, fields may also be included. This could be questions related to health, education, family or integration of immigrants (to mention some obvious candidates).
The following topics will be covered:
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Labour Supply, Taxation and Retirement
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Education and Human Capital
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Compensating Wage Differentials and Discrimination
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Incentives, Promotion and Pay for Top Executives
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Job Search and Search and Matching Models
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Unemployment and Inflation
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Labour Market Policies
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Labour Demand, Technological Progress and Globalization
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International Migration and the Impact of Immigration
Faglige forudsætninger
4630: Microeconometrics
Underviser
LECTURER: Nina Smith, Michael Svarer and Kenneth Lykke Sørensen
Undervisnings- og arbejdsform
TEACHING METHOD: Four lectures per week.
TEACHING LANGUAGE: English
Litteratur
LITERATURE:
Book: Cahuc & Zylverberg (2004): Labour Economics, MIT Press
Selected articles collected in a compendium
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Labour Supply, Taxation and Retirement
Frederiksen, A., E. Graversen and N. Smith (2009), Overtime Work, Dual Job Holding and Taxation, Research in Labor Economics, vol. 28, p. 25-55.
Moffitt, R. (1990), The econometrics of kinked budget constraints, Journal of Economic Perspectives, vol 4(2), 119-139.
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Education and Human Capital
Hanushek, E. A. And L. Woessmann (2008), The role of cognitive skills in economic development, Journal of Economic Literature 46 (3), 607-668
D. Card (1999), The causal effect of education on earnings, in Ashenfelter, O. and D. Card (eds.), Handbook of Labor Economics, vol 3A, ch. 30, Elsevier, North Holland, 1802-6 3
Sørensen and Vejlin (2011a), Return to Experience and Initial Wage Level: Do Low Wage Workers Catch Up?, Working Paper, Aarhus University
Sørensen and Vejlin (2011b), From Mincer to AKM: Lessons from Danish Matched Employer-Employee Data, Working Paper, Aarhus University
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Compensating Wage Differentials and Discrimination
Datta Gupta, N., R. Oaxaca and N. Smith (2006), Swimming Upstream, Floating Downstream: Comparing Women's Relative Wage Progress in the
United States and Denmark, Industrial and Labor Relations, 59 (2), 243-66
Bertrand, M., C. Goldin, and L.F. Katz (2010), Dynamics of the
Gender Gap for Young Professionals in the Corporate and Financial Sectors,
American Economic Journal : Applied Economics, 2(3), 228-55
Smith, N., V. Smith and M. Verner (2011), The Gender Pay Gap in Top Corporate Jobs in Denmark: Glass Ceilings, Sticky Floors or Both? International Journal of Manpower, vol 32(2), 156-77
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Incentives, Promotion and Pay for Top Executives
Eriksson, T. (1999), Executive Compensation and Tournament Theory: Empirical Tests on Danish Data,
Journal of Labor Economics,
vol 17(2),
262-80.
Bjerk, D. (2008), Glass Ceiling or Sticky floors? Statistical Discrimination in a Dynamic Model of Hiring and Promotion,
The Economic Journal,
118, 961-982
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J
ob Search and Search and Matching Models
Peter Fredriksson and Bertil Holmlund (2006a). Improving Incentives in Unemployment Insurance: A Review of the Recent Literature,
Journal of Economic Surveys, 20(3), 357-386.
Torben M. Andersen and Michael Svarer (2009). Business Cycle Dependent Unemployment Insurance, working paper.
Burdett, K., and D. T. Mortensen (1998). Wage Differentials, Employer Size, and Unemployment, International Economic Review, Vol. 39, No. 2: 257-273.
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Unemployment and Inflation
Stewart, M. B (2007). The Interrelated Dynamics of Unemployment and Low-Wage Employment,
Journal of Applied Econometrics
, 22, 511-531.
Doiron, D. & T. Gørgens (2008). State Dependence in Youth Labour Market Experiences, and the Evaluation of Policy Interventions,
Journal of Econometrics
, 145, 81-97.
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Labour Market Policies
Andersen, T.M. & M. Svarer (2008). The role of workfare in striking a balance between incentives and insurance in the labour market
M. Rosholm & M. Svarer (2008). Estimating the Threat Effect of Active Labour Market Programmes,
Scandinavian Journal of Economics
, 110(2), 385-401
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Labour Demand, Technological Progress and Globalization
Autor, D. H., L. F. Katz, and M. S. Kearney (2008), Trends in US wage
inequality: Revising the revisionists, The Review of Economics and Statistics,
90(2), 300-23
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International Migration and the Impact of Immigration
Borjas, G. (1999): "Immigration and Welfare Magnets"
Journal of Labor Economics,
Vol. 17, No. 4, pp. 607-637
Pedersen, P. J., M. Pytlikova and N. Smith (2008), Selection and network effects - Migrations flows into OECD countries 1990-2000,
European Economic Review
, 52 (7), 1160-86.
Total number of pages max 600.
Bedømmelse
FORM OF ASSESSMENT: Oral exam (20 min.)
EXAMINATION AIDS ALLOWED: None
