Labor Economics

Description

Labor markets play an important role in economic theory. This course presents models explaining the level, the dynamics, and the structure of employment, unemployment and wages.

Familiarity with basic micro- and macroeconomics is assumed.

Course Outline

Stylized facts of the labor market
2. Economies With and Without Rigidities
1. Nominal Rigidities and Temporary Fluctuations of Employment
2. Market Power and Persistent Unemployment
  1. Efficiency Wages
  2. Insiders and Outsiders
3. Labor's share, the Phillips Curve and Cyclical Unemployment
The Structure of Wages and Employment
1. A Two-Sector Model of Full Employment
2. Foreign Trade and Unemployment
3. Sector and Skill Specific Technological Change
Search and Matching
Labor Market Institutions and Labor Market Flexibility
Economic Growth, Employment, and Capital Export

Reading List

Bhagwati, Jagdish N., Panagariya, Arvind und T. N. Srinivasan, Lectures on International Trade, 2. Aufl., MIT Press: Cambridge, MA 1998, Kapitel 5 und 6

Carlin, Wendy und David Soskice, Macroeconomics and the Wage Bargain, A Modern Approach to Employment, Inflation and the Exchange Rate, Oxford University Press: Oxford 1990

Ehrenberg, Ronald G. und Robert S. Smith, Modern Labor Economics: Theory and Public Policy: International Edition, Addison - Weasley Longman: Amsterdam 2008

Franz, Wolfgang, Arbeitsmarktökonomik, 5. Aufl., Springer-Verlag: Berlin 2006

Goerke, Laszlo, Holler, Manfred J., Arbeitsmarktmodelle, Springer: Berlin 1997

Landmann, Oliver und Jürgen Jerger, Beschäftigungstheorie, Springer: Berlin 1999

Layard, Richard, Stephen Nickell und Richard Jackman, Unemployment, Macroeconomic Performance and the Labour Market, Oxford University Press: Oxford 2005

Maußner, Alfred, Klaus, Joachim, Grundzüge der mikro- und makroökonmischen Theorie, 2. Aufl., Vahlen: München 1997

Maußner, Alfred, Klump, Rainer, Wachstumstheorie, Springer: Berlin 1996

Weil, David N., Economic Growth, Addison-Wesley: Brown University, Rhode Island 2005