20294 - LABOUR ECONOMICS
CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT
Course taught in English
Go to class group/s: 31
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 is given to the role of institutions in affecting the operation of such markets.
The first part of the course provides the key analytical tools used in the remainder of the course. In particular a micro-founded model of interactions between product and labor markets is offered in which labor market institutions (i) remedy to market inefficiencies or (ii) reduce income and earning inequalities. Subsequently the literature on the different labor market institutions (collective bargaining, minimum wages, short-time work and working time regulations, early retirement schemes, training, equal opportunity legislation, employment protection legislation, unemployment benefits and active policies, migration restrictions. etc.) is reviewed by giving the opportunity to students to replicate some of the results and extend them in new directions as they are provided with the original datasets.
The exam is written.
For students attending the course, half of the final grade is provided by the evaluation of presentations in class. This grade is valid only until the first exam period of the fall session. Students taking the exam afterwards or not attending the course have to cover the entire program (general exam).
- 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.
The attendance of the course Microeconometrics is strongly suggested.