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Labor Market and Social Policy (Seminar)

Dozent/in: Christian Pfeifer

wöchentlich | Dienstag | 14:15 - 15:45 | 17.10.2022 - 03.02.2023 | C 1.005 | .

Inhalt: This elective course is divided into two parts. The first part is lecture based and presents basics in labor economics based on the textbook of Borjas. It 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 presented theories are accompanied by applications, numerical examples, statistics, home assignments, take-home-questions, and take-home-exercises. In the second part, students discuss "Minimum Wages" as an important topic in labor market and social policy based on theories from the lectures and on empirical research from journal articles . Basic literature: Borjas, 2013, Labor Economics, 6th edition, McGraw-Hill [B-Chapter]. Part 0: Introduction [B1] Part 1: Basic Labor Market Models 1.1. Labor supply [B2] 1.2. Labor demand with perfect competition [B3] 1.3. Labor market equilibrium [B3.9+3.10, B4, B12.2+12.4] 1.4. Non-competitive labor market models [B4.9+4.10] 1.5. Compensating wage differentials [B5] Part II: Student Presentations "Minimum Wages"