Course Schedule
Lehrveranstaltungen
Arbeitsökonomik (Major VWL) - Vorlesung mit integrierter Übung (Vorlesung/Übung)
Dozent/in: Christian Pfeifer
Termin:
wöchentlich | Montag | 10:15 - 13:45 | 01.04.2019 - 05.07.2019 | C 4.215 Seminarraum | Liebe Frau Gaida, es wäre sehr schön und passend, wenn ich den VWL-Major Kurs (mit integrierter Übung) auch in unserem Raum am Institut für VWL halten könnte. Besten Dank, Christian Pfeifer
Inhalt: This labor economics course is compulsory for Major Economics as a component of “Applied Microeconomics” (4th term), in which microeconomic theory from previous terms is applied to the labor market. The first part of the course includes decisions of workers and firms about labor supply and labor demand, the equilibrium in competitive and non-competitive labor markets, and some thoughts about wages and non-monetary job characteristics. The second part of the course discusses different topics such as works councils and unions, human capital, incentives and remuneration schemes, and discrimination in the labor market with a focus on gender gaps. The presented theories are accompanied by applications, numerical examples, statistics, home assignments, take-home-questions, and take-home-exercises, which are discussed in class. Please see the course outline for more information about the content. Basic literature: Borjas, 2013, Labor Economics, 6th edition, McGraw-Hill [B-Chapter] Part 0: Introduction [B-1] Part 1: Basic Labor Market Models 1.1. Labor supply [B-2] 1.2. Labor demand with perfect competition [B-3] 1.3. Labor market equilibrium [B-3.9+3.10, B-4, B-12.2+12.4] 1.4. Non-competitive labor market models [B-4.9+4.10] 1.5. Compensating wage differentials [B-5] Part 2: Topics 2.1. Works councils and unions [B-10] 2.1.1. Communication between workers and management 2.1.2. Optimal level of codetermination 2.1.3. Empirical effects of works councils 2.1.4. Union organization and importance across countries 2.1.5. Monopoly union wage setting and employment 2.1.6. Efficient wage bargaining and employment 2.2. Human capital [B-6] 2.2.1. Human capital vs. signal 2.2.2. Schooling 2.2.3. On-the-job training 2.3. Incentives and remuneration schemes [B-11] 2.3.1. Agency theory and the need for incentives 2.3.2. Input based remuneration and efficiency wages 2.3.3. Piece rates and performance pay 2.3.4. Promotions and tournament theory 2.3.5. Seniority and deferred compensation schemes 2.4. Labor market discrimination [B-9] 2.4.1. Race and gender discrimination 2.4.2. Discrimination theories: taste, statistical, crowding, market power 2.4.3. Measuring discrimination