The focus of this course is the theoretical and empirical analysis of labor markets. We examine the role of public policy and how it affects wage and employment outcomes in Europe and in the Austrian labor market.
Most of us allocate a substantial fraction of our time to the labor market. Our action on the labor market influences many aspects of our life: our wealth, the goods we consume, whom we associate with, where we vacation, etc. In this course, we explore how economists think how labor markets work. This will aid our understanding of topics such as education and training, discrimination and the impact of antidiscrimination programs, changes in wage inequality over time, immigration, unions, unemployment, and poverty.
Attendance is compulsory and I expect active participation (=discussion, presentations, questions, remarks) in class.
Format of the course
During the first part of the semester, lectures will introduce basic theoretical models to analyze labor markets.
In the second half of the semester, we will study the empirical evidence about the theoretical models on the basis of applied research papers. This part of the course is organized as a seminar. Each student works on their own topic based on a research paper and prepares a presentation, which they give at the end of the semester.
The topics and the schedule of the seminar block will be distributed and organized during the lectures in the beginning of the semester.
Electronic copies of the presentations (in pdf!) have to be submitted prior to the presentations.
The final grade is composed of
Two homeworks 10%
Presentation and presentation slides 45%
Final Exam 45%
The final exam is a closed book exam. It covers the material presented in the lectures and also in the students' presentations.
Positive grades on the courses in micro and macro economics of the Master’s program are prerequisite for participating in Labor Economics;
During there registration period, students will be placed on a first-come, first-served basis. Once registration closes, more seats will be made available. Students from the waiting list will then be placed based. Students from an older cohort will be placed before students from younger cohorts. If you are registered, but do not intend to take the class, we ask you to deregister during the registration period. There is no guarantee for a seat in this lecture!
Office hours: by appointment
Office hours: By appointmenoffice
Attendance: Attendance will be taken in the first lecture. Students who do not show up in the first lecture will be dropped from the class.
In general, attendance in the lecture and especially in the seminar block is compulsory. Failure to attend the any of seminar blocks will be considered as zero participation and affects the final grade.