Labor economics


Objectif

Contemporary analyses of the labour market emphasise the importance of the movement of jobs and labour. 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 of this course 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.

Plan

  1. Labor supply – The consequences of negative income taxes.
  2. Labor demand – The consequences of low wage subsidies. The sources and consequences of hiring and firing costs.
  3. Job search – Estimation of duration models.
  4. Job search in equilibrium: matching models – Job creations and job destructions. The theory and empirics of wages.
  5. Equilibrium search with on-the-job-search and wage determination – The estimation of equilibrium search models.
  6. Efficiency wages – Evidence about efficiency wage.
  7. Collective bargaining and wage differentials – Inter-industry wages differential. Offshoring and employment.
  8. Minimum wage – Minimum wages in France and in the US.
  9. Discrimination – Discrimination in the US.

Références

Ashenfelter, O., D. et Card (éd.), Handbook of Labor Economics, volumes 3A, 3B, 3C, Amsterdam : Elsevier Science, North Holland.
Cahuc, P., et A. Zylberberg (2004), Labor Economics, MIT Press.
Pissarides, C. (2000), Equilibrium Unemployment Theory, 2ème éd, MIT Press.