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 students to understand the operation of markets in which labour services are exchanged for wages.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
- P. CAHUC, A. ZYLBERBERG, Labor Economics, MIT Press, 2004.
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O.J. BLANCHARD, J. WOLFERS, The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence, in Economic Journal 110(462): C1-33.
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G. BERTOLA, T. BOERI, EMU Labour Markets Two Years On: Microeconomic Tensions and Institutional Evolution, in M. BUTI, A. SAPIR (eds.), EMU and Economic Policy in Europe, Edward Elgar, 2002.
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Additional readings will be provided at the beginning of the course.
For further and continuously updated information consult the IEP web site or contact S.I.D. - Servizio Informazioni Didattica - Institute of Economics - via Gobbi, 5 - Room 313.
Prerequisites
The attendance of the course Microeconometrics is strongly suggested.