Syllabus
Registration via LPIS
| Day | Date | Time | Room |
|---|---|---|---|
| Monday | 10/07/19 | 03:00 PM - 06:00 PM | D4.0.039 |
| Monday | 10/14/19 | 03:00 PM - 06:00 PM | D4.0.039 |
| Monday | 10/21/19 | 03:00 PM - 06:00 PM | D4.0.039 |
| Monday | 10/28/19 | 03:00 PM - 06:00 PM | D4.0.039 |
| Monday | 11/04/19 | 03:00 PM - 06:00 PM | D4.0.039 |
| Monday | 11/18/19 | 03:00 PM - 06:00 PM | D4.0.039 |
| Tuesday | 11/19/19 | 03:30 PM - 06:30 PM | D4.0.019 |
| Monday | 12/02/19 | 03:00 PM - 06:00 PM | D4.0.039 |
| Monday | 12/09/19 | 03:00 PM - 06:00 PM | D4.0.039 |
| Monday | 01/13/20 | 11:00 AM - 02:00 PM | D2.0.030 |
| Monday | 01/13/20 | 03:00 PM - 06:00 PM | D4.0.039 |
| Monday | 01/20/20 | 03:00 PM - 06:00 PM | D4.0.039 |
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.
Detailed overview of topics
Part I
- Labor Supply
- Labor Demand and Labor Market Equilibrium
- Imperfect Labor Market
- Human Capital
- Gender, Race and Discrimination
Part II
- Income Inequality, Polarization and Technological Change
- Employment Protection and Regulation
- How do labor markets adjust to shocks?
- Labor Supply Shocks and Immigration
- Labor Demand Shocks and Recessions
Attendance is compulsory and active participation (=discussion, presentations, questions, remarks) in class is expected. To some extent, this will be checked through the use of the WU-Learning Apps.
The course is divided in two parts: The first part covers fundamental aspects of the labor market. We start with basic models of labor supply and demand. We then study different types of market failures and frictions. The second part of the course is structured around a number of key empirical literature. We first review research on inequality from an individual, firm and intergenerational perspective. We then cover causal evidence on how labor markets adjust to shocks.
The final grade is composed of:
- participation in class (including discussion paper) 10%
- presentation and slides 45%
- final exam 45%
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!
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