Labor economics

Objectif

Labor economics is the study of the markets in which labor services are exchanged for wages. Contemporary analyses of the labour market emphasise the importance of the movement of jobs and labour. This course presents the tools and topics of labor economics. The course is divided in two parts. The main objective of the first part is to provide students with the theoretical tools used in modern labor economics. At the heart of these analyses are models that formalise job-seeking behaviours and the processes for matching labour with newly created jobs. The objective is to present these models and show how they can provide a better empirical and theoretical understanding of the determinants of employment, inequalities and the consequences of public intervention in the labour market. The second part of the course is devoted to the study of a number of key topics in modern labor economics. Among other things, we will look at LEED (Longitudinal Data on Employees and Employers) and illustrate their use and how they solve long-standing problems in labor economics.

Plan

Part I (Franck Malherbet)

1. Job Search
2. Job Search models ; extensions and public policies
3. Equilibrium search with on-the-job-search and wage determination 
4. Job search in equilibrium: matching models
5. Job search in equilibrium; public policies

Part II (Francis Kramarz)

1. Job Creation, Job Destruction
2. Product Market Competition and the Labor Market
3. Trade and the Labor Market
4. Inter-Industry Wage Differentials: From Cross-Sectional Data Sources to LEED
5. Networks and the Labor Market 

Références

Ashenfelter, O., D. and Card (éd.), Handbook of Labor Economics, volumes 3A, 3B, 3C, Amsterdam : Elsevier Science, North Holland.
Cahuc, P., Carcillo, S. and A. Zylberberg (2014), Labor Economics, MIT Press.
Pissarides, C. (2000), Equilibrium Unemployment Theory, 2nd edition, MIT Press.