Economics of Labor I

1 Course Unit

Topics include: Theories of the supply and demand for labor, wage determination, wage differentials, labor market discrimination, unemployment, occupational choice and dynamics of specific labor markets, theory of matching, trade unions. The theory and empirics of human capital accumulation, intertemporal labor supply, search, intergenerational mobility of income and wealth, contracts and bargaining, efficiency wage models, principal/agent models, and signaling models. Fall or Spring Prerequisite: ECON 7100 AND ECON 7200 AND ECON 7110 AND ECON 7210 AND ECON 7300 AND ECON 7310 AND ECON 8310 1 Course Unit