Labor Economics B

• Japanese varsion: 労働経済B

Objectives of the Course

This course is designed for 2nd year graduate students to build their research ability in the field of macro-labor economics. The course focuses on the long-run labor market issues such as (1) technological progress and unemployment; and (2) wage inequality. The goal is to catch up with the frontier of research on the aggregate labor market.

Goals of the Course

After this course, students should be able to (1) understand the frontier of research in the field of growth and inequality; (2) write their own computer codes to replicate existing quantitative results found in professional articles; and (3) design their own research.

Teaching Tips

This course is designed for second-year graduate students. The goal of this course is to help students understand the frontier of macro-labor economics and find their own research topics.

Course Content / Plan

1. Overview: Job Search and Optimal Stopping
2. Worker Flows and Matching
3. The DMP Model
4. Nash Bargaining
5. Strategic Bargaining
6. Labor Market Equilibrium
7. Numerical Analysis
8. Calibration
9. Large Firms and Hours of Work
10. Labor Force Participation
11. Growth and Unemployment
12. Heterogeneous Jobs
13. Labor Share
14. Technological Progress and Unemployment

Course Prerequisites and Related Courses

No prerequisite, but it is highly recommended that you take advanced macroeconomics I (= advanced income theory I). Lectures of this course will be delivered in English. I will assume that the students are familiar with dynamic optimization.

Textbook/Reference Book

There is no textbook you must purchase. All mandatory reading material (professional articles in leading journals) will be distributed at NUCT.

Study Load(Self-directed Learning Outside Course Hours)

Students need to install some (free) computational packages such as Maxima and Python in your computer and learn the languages.

Lecture materials

1. Introduction
2. Trade In The Labor Market
3. Job Creation
4. Workers
5. Wage Determination
6. Steady State Equilibrium
7. Numerical
8. Technological Progress
9. Heterogeneous Jobs
10. LaborShare
11. FirmEntry
12. Heterogeneous Firms
13. Heterogeneous Workers

This lecture is provided under Creative Commons Attribution-Non Commercial-ShareAlike 4.0 International.

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