8104 - LABOUR ECONOMICS
MM-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - DES-LS - CLG-LS - M-LS - IM-LS - ACME-LS - EMIT-LS
Department of Economics
Course taught in English
TITO MICHELE BOERI
Course Objectives
The purpose of the course is to provide the basic analytical tools allowing to understand the operation of markets in which labour services are exchanged for wages. Particular emphasis given to the role of institutions in affecting the operation of such markets.Course Content Summary
The first part of the course will provide the key analytical tools to used in the remainder of the course. We begin by introducing static models of allocation of time between work, leisure and home production and briefly review the econometrics of labour supply. The key ingredients of one-sided job search models also be sketched. Next, the focus be on labour demand and on the trade-offs between capital and labour, hours and workers. Finally, labour market equilibrium will be characterised and its interactions with developments in the product market assessed.
In the second part of the course the focus be on the ways in which labour market institutions affect wage and employment determination.
Detailed Description of Assessment Methods
The exam is written. Students attending the course, will have the option to take half of the exam as take-home exercises on the various datasets.
Textbooks
- T. BOERI, J. VANOURS, The Economics of Imperfect Labor Markets, Princeton University Press, 2008
- Selected pages from P. CAHUC, A. ZYLBERBERG, Labor Economics, MIT Press, 2004
Additional readings are provided at the beginning of the course.
Prerequisites
The attendance of the course Microeconometrics is strongly suggested.