14.661 | Fall 2017 | Graduate

Labor Economics I


First Half of the Class with Prof. Josh Angrist

I. Labor Market Facts and Trends
II. The Neoclassical Labor Supply Model
IIa. Basics
IIb. Tax and Transfer Programs
IIc. The Life-Cycle Model
IId. Household and Family Models
III. Labor Demand and Demand-Side Institutions and Policies
IIIa. Labor Demand
IIIb. Market Structure and the Min
IIIc. Immigration and Migration
IIId. Unions
IV. Human Capital
IVa. Schooling, Experience, and Earnings
IVb. Empirical Earnings Functions

Second Half of the Class with Prof. Daron Acemoglu

I. Labor Market Externalities
Ia. Non-Pecuniary and Pecuniary Externalities in the Labor Market
Ib. Signaling
II. Social Mobility, Peer Effects, and Human Capital
IIa. Social Mobility
IIb. Peer Effects
III. Incentives, Agency and Efficiency Wages
IIIa. Multitasking
IIIb. Career Concerns in the Private and the Public Sector
IIIc. Efficiency Wages
IV. Investment in Skills
IVa. Holdups and Investments
IVb. Investment in General Skills
IVc. Specific Skills, Investments, and Learning
V. Search and Unemployment
Va. Unemployment, Non-Employment, and Labor Market Flows
Vb. The Partial Equilibrium Search Model
Vc. The Basic Equilibrium Search Framework
Vd. Assignment Models
Ve. The Composition of Jobs
Vf. Real Wage Rigidity, Unemployment, and Unemployment Persistence
Vg. Nominal Wage Rigidity and Unemployment

Course Info

As Taught In
Fall 2017
Learning Resource Types
assignment Problem Sets
notes Lecture Notes
group_work Projects