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New
Economic School
Labor
Economics
Spring
2001
Irina
Denisova
The
course will cover main topics in labor economics.
Requirements:
There will be 3-4 problem sets, distributed on Thursdays and to be handed
in to the teaching assistant in sections a weak later. There will be
a final exam given at the end of the module. Problem sets will comprise
30% of the final grade and the exam will account for 70%.
Office
hours: My office hours are on Tuesdays and Thursdays, 17.30-18.30,
and by appointment. My e-mail address is idenisov@nes.ru
Syllabus and Reading
1. Introduction:
the Nature of Labor Market Analyses; Labor Market Flows; Labor Market
Developments in Selected Industrial Nations. [1 lecture]
- Pencavel, John
(1986), “Labor Supply of Men: A Survey” /in Ashenfelter, O. and Layard
P.R.G. (eds.) Handbook of Labor Economics, Vol.1 (Amsterdam:
North Holland).
- Hamermesh, Daniel
S. and Albert Rees (1984) “The Economics of Work and Pay”:
Chapter 1.
2. The Basic Static
Labor Supply Model. Home Production and Time Allocation Models. Non-Linear
Budget Constraints. Family Models. Empirical Analyses. [3 lectures]
- Killingsworth,
Mark R. (1983), “Labor Supply”: Chapters 1- 4 (Cambridge University
Press).
- Hamermesh, Daniel
S. and Albert Rees (1984) “The Economics of Work and Pay”:
Chapter 2.
- Pencavel, John
(1986), “Labor Supply of Men: A Survey” /in Ashenfelter, O. and Layard
P.R.G. (eds.) Handbook of Labor Economics, Vol.1 (Amsterdam:
North Holland).
- Killingsworth,
Mark R., and James J. Heckman (1986), “Female Labor Supply: A Survey”
/in Ashenfelter, O. and Layard P.R.G. (eds.) Handbook of Labor
Economics, Vol.1(Amsterdam: North Holland).
- Mincer, Jacob
(1962) “Labor Force Participation of Married Women,” in NBER, Aspects
of Labor Economics.
- Becker, Gary
(1965) “A Theory of Allocation of Time”, Economic Journal,
September, pp.493-517
- Gronau, Reuben
(1977) “Leisure, Home Production, and Work - the Theory of the Allocation
of Time Revisited,” Journal of Political Economy, Vol.85, No.6,
pp.1099-1123
- Heckman, James
(1974) “Shadow Prices, Market Wages, and Labor Supply”, Econometrica,
Vol.42, No.4, pp.679-94
3. Human Capital
and Long-Run Labor Supply. Occupational and Educational Choice [2 lectures]
- Killingsworth,
Mark R. (1983), “Labor Supply”: Chapter 5 (Cambridge University
Press).
- Hamermesh, Daniel
S. and Albert Rees (1984) “The Economics of Work and Pay”:
Chapter 3.
- Pencavel, John
(1986), “Labor Supply of Men: A Survey” /in Ashenfelter, O. and Layard
P.R.G. (eds.) Handbook of Labor Economics, Vol.1, pp.45-50
(Amsterdam: North Holland)
- Freeman, Richard
(1986), “Demand for Education” /in Ashenfelter, O. and Layard P.R.G.
(eds.) Handbook of Labor Economics, Vol.1 (Amsterdam: North
Holland).
- MaCurdy, Thomas
(1981) “An Empirical Model of Labor Supply in a Life-Cycle Setting,”
Journal of Political Economy, Vol.89, No.6, pp.1059-1085
- Ben-Porath, Yoram.
(1967) “The Production of Human Capital and the Life Cycle Earnings,”
Journal of Political Economy, pp.352-65
- Mincer, Jacob,
and Solomon Polachek (1974) “Family Investment in Human Capital: Earnings
of Women”, Journal of Political Economy, Vol.82, No.2, Part 2,
pp.S76-S108
- Mincer, Jacob
and Haim Ofek (1979) “The Distribution of Lifetime Labor Force Participation
of Married Women: Comment”, Journal of Political Economy, Vol.87,
No.1, pp.197-201
4. Wages and Earnings.
Returns to Experience. [2 lectures]
- Hamermesh, Daniel
S. and Albert Rees (1984) “The Economics of Work and Pay”:
Chapters 12, 14.
- Willis, Robert
J. (1986), “Wage Determinants: A Survey and Reinterpretation of Human
Capital Earnings Function” /in Ashenfelter, O. and Layard P.R.G. (eds.)
Handbook of Labor Economics, Vol.1, pp.45-50 (Amsterdam: North
Holland)
- Weiss, Yoram
(1986), “The Determination of Life Cycle Earnings: A Survey” /in Ashenfelter,
O. and Layard P.R.G. (eds.) Handbook of Labor Economics, Vol.1
(Amsterdam: North Holland).
- Rosen, Sherwin
(1986), “The Theory of Equalizing Differences” /in Ashenfelter, O.
and Layard P.R.G. (eds.) Handbook of Labor Economics, Vol.1
(Amsterdam: North Holland).
- Topel, Robert
(1991) “Specific Capital, Mobility and Wages: Wages Rise with Seniority,”
Journal of Political Economy, Vol.99, No.1, pp.145-76
5. Labor Demand:
the Basic Theory; Some Extentions; Empirical Evidence [2 lectures]
- Hamermesh, Daniel
S. and Albert Rees (1984) “The Economics of Work and Pay”:
Chapters 4-5.
- Hamermesh, Daniel
S. (1993), “Labor Demand”: Chapters 2, 3 (Princeton University
Press)
- Nickell, Stephen,
and James Symons (1990) “The Real Wage-Employment Relationship in
the United States,” Journal of Labor Economics, Vol.8, No.1,
pp.1-15
- Rosen, Sherwin
(1968) “Short-Run Employment Variation on Class-I Railroads in the
US, 1947-1963,” Econometrica, Vol.36, No.3-4, pp.511-29
- Grant, James
H., and Daniel S. Hamermesh (1981) “Labor Market Competition Among
Youths, White Women and Others,” Review of Economics and Statistics,
Vol.63, pp.354-60
6. Introduction
to Equilibrium, Disequilibrium and Adjustment. [1 lecture]
- Hamermesh, Daniel
S. and Albert Rees (1984) “The Economics of Work and Pay”:
Chapter 6.
- Hamermesh, Daniel
S. (1993), “Labor Demand”: Chapter 6 (Princeton University
Press).
- Burgess, Simon
M. (1988) “Employment Adjustment in UK Manufacturing,” Economic
Journal, Vol.98, pp.81-103
7. Unemployment.
Incidence of Unemployment. Duration of Unemployment. [1 lecture]
- Hamermesh, Daniel
S. and Albert Rees (1984) “The Economics of Work and Pay”:
Chapter 8.
- Keifer, N.M.
(1988) “Economic Duration Data and hazard Functions,” Journal of
Economic Literature, Vol. 26, June, pp. 646-79
- Berg, G. L.,
and G. V. Ours (1993) “Unemployment Dynamics and Duration Dependence,”
Economic Journal, Vol.104, pp.432-43
- Topel, R. (1993)
“What Have We Learned from Empirical Studies of Unemployment and Turnover?”
American Economic Association. Papers and Proceedings, Vol.83,
No.2, pp.110-115
- Card, David,
and Daniel Sullivan (1988) “Measuring the Effect of Subsidized Training
Programs on Movements In and Out of Employment,” Econometrica,
Vol. 56, No.3, pp. 497-530
- Siebert, Horst
(1997) “Labor Market Rigidities: At the Root of Unemployment in Europe,”
Journal of Economic Perspectives, Vol. 11, Number 3, pp. 37-54
- Nickell, Stephen
(1997) “Unemployment and Labor Market Rigidities: Europe versus North
America,” Journal of Economic Perspectives, Vol. 11, Number
3, pp. 55-74
8. Discrimination
and Segmentation. [1 lecture]
- Hamermesh, Daniel
S. and Albert Rees (1984) “The Economics of Work and Pay”:
Chapter 13.
- Taubman, Paul,
and Michael L.Wachter (1986) “Segmented Labor Market” /in Ashenfelter,
O. and Layard P.R.G. (eds.) Handbook of Labor Economics, Vol.2
(Amsterdam: North Holland).
- Ashenfelter,
Orley (1972) “Racial Discrimination and Trade Unionism,” Journal
of Political Economy,pp. 435-64
9. Labor Markets
in Transitional Economies [1 lecture]
- Boeri, Tito,
Michael C. Burda, and Janos Kollo (1998) “Mediating the Transition:
Labor Markets in Central and Eastern Europe,” CEPR Economic Policy
Initiative No.4 (London: CEPR)
- Svejnar, Jan
(1999) “Labor Markets in the Transitional Central and Eastern European
Economies” /in Ashenfelter, O. and D.Card (eds.) Handbook of
Labor Economics, Vol.3B (Amsterdam: North Holland).
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