Key Ideas #3A: Home Production
I. The theory of Home Production
- Explanations of rising female LFP
- Children and child care in home production
II. Metrics
- Basic IV as applied to HH models, ala AE-98 and Gelbach (2002)
Key Ideas #3B: Labor Demand, Minimum Wages and Immigration
I. Core Theory
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Demand with one factor
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Demand with two factors
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Substitution and scale effects
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Hicks-Marshall laws of derived demand
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Market structure and factor demand
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Monopoly
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Monopsony
II. Policy Issues
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Minimum Wages
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Theoretical considerations
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Empirical strategies and evidence
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Immigration
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Theoretical considerations
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Empirical strategies and evidence
