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Description
Module Objectives
This module aims to provide an overview of key topics in the field of labour economics. More specifically, the module:听
teaches the key elements of labour economics;
- uses labour economics to say something about how real-world phenomena (related to the labour market) work;
- shows how models in labour economics (derived from first-order principles) can inform empirical analysis and policy;
- is strongly empirically motivated, but also stresses the links between theoretical and empirical research;
- touches at commonly used empirical methods to identify casual effects (e.g., difference-in-differences, instrumental variables, regression discontinuity);
- covers canonical papers (often written 15-20 years ago) in conjunction with recent (sometimes unpublished) papers at the current research frontier.
Topics
Week 1: Human Capital and Wages
Week 2: The Sources of Wage Growth
Week 3: The Structure of Wages and the Inequality of Earnings
Week 4: Inequality: Supply, Demand, Institutions, and Polarisation
Week 5: Discrimination and Symmetric Employer Learning
Week 6: Asymmetric Information and Labour Markets
Week 7: Self-Selection and the Roy Model
Week 8: Monopsony in the Labour Market and Minimum Wages
Week 9: The Effect of Migration on Wages and Employment
Week 10: Social Interactions, Networks, and Neighbourhood Effects
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 8th April 2024.
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