| First Part - Prof. Oreopoulos |
| 1 |
Labor Market Statistics and Omitted Variables Bias Review |
| 2 |
The Neoclassical Labor Supply Model
Basics
The Life-Cycle Model
Applications |
| 3 |
Labor Demand, Minimum Wages, and Anomalies
Models of the Demand for Labor
Minimum Wages
Immigration
Competitive Labor Market Anomalies |
| 4 |
Human Capital and the Econometrics of Individual Wage Determination
Schooling, Experience, and Earnings
Liquidity Constraints
Compulsory Schooling |
| 5 |
Intergenerational Mobility |
| Second Part - Prof. Acemoglu |
| 6 |
Incentives in Organizations
Basic Theory of Moral Hazard and Incentives, and Applications to CEO
Pay and Unempolyment Insurance
Multitasking and Counter-Productive Incentives
Career Concerns
Additional Topic: Wage Dynamics (will not be covered in the lectures)
Holdups and Investments
Efficiency Wages, Unemployment and Organization of the Firm |
| 7 |
Search Models of the Labor Market
Partial Equilibrium
The Basic Search Framework
Additional Material: Wage Dispersion and Composition of Jobs
Additional Material: Risk Aversion and Insurance (will not be covered in the lectures) |
| 8 |
Investments in Skills
Human Capital Over the Life Cycle
Investments and Market Transactions
Theories of Training
Firm-Specific Capital |
| 9 |
Technology and the Labor Market
Basic Patterns and Relative-supply-demand Framework
Theories of Skill-Biased Technical Change and Returns to Skills
Changes in the Composition of Jobs, Organizational Change, Superstars, and Hierarchies |