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Course title |
Macro-Labor Economics |
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Semester |
110-1 |
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Designated for |
COLLEGE OF SOCIAL SCIENCES GRADUATE INSTITUTE OF ECONOMICS |
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Instructor |
EUNBI KO |
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Curriculum Number |
ECON7220 |
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Curriculum Identity Number |
323EM1830 |
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Class |
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Credits |
3.0 |
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Full/Half
Yr. |
Half |
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Required/
Elective |
Elective |
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Time |
Monday 7,8,9(14:20~17:20) |
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Remarks |
Restriction: MA students and beyond OR Restriction: Ph. D students
The upper limit of the number of students: 30. |
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Ceiba Web Server |
http://ceiba.ntu.edu.tw/1101ECON7220_ |
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Course introduction video |
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Table of Core Capabilities and Curriculum Planning |
Table of Core Capabilities and Curriculum Planning |
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Course Syllabus
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Please respect the intellectual property rights of others and do not copy any of the course information without permission
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Course Description |
This is a graduate course in macroeconomics focusing on labor market. This course will cover search, matching, and related models in the labor market. These models are designed to explain the existence of unemployment and of wage dispersion across similar workers. Several policy issues can be addressed using these models, e.g., the design of unemployment insurance systems, the impact of hiring and firing costs, etc. |
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Course Objective |
The aim of the course is to expose students to important issues in macro-labor economics such as unemployment, wage dispersions, etc. and to introduce models which are relevant to these topics. Therefore, the course will include both theoretical and empirical literature. Students will hopefully understand how frictional labor markets work and know how to address policy issues in those markets. |
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Course Requirement |
Students will be required to read papers when announced to prepare for the next class.
There will be about 3 written assignments in total. |
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Student Workload (expected study time outside of class per week) |
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Office Hours |
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Designated reading |
待補 |
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References |
Extension readings
1. Diamond, Aggregate Demand Management in Search Equilibrium, JPE, 1982
2. Mortensen and Pissarides, Job Creation and Job Destruction in the Theory of Unemployment, REStud, 1994
3. Albrecht and Axell, An Equilibrium Model of Search Unemployment, JPE, 1984.
4. Postel-Vinay and Robin, Equilibrium Wage Dispersion with Worker and Employer Heterogeneity, Econometrica 2002.
5. Burdett and Coles, Equilibrium Wage-Tenure Contracts, Econometrica, 2003.
6. Bagger, Fontaine, Postel-Vinay, and Robin, Tenure, Experience, Human Capital and Wages: A Tractable Equilibrium Search Model of Wage Dynamics, AER, 2014.
7. Burdett, A Theory of Employee Job Search and Quit Rates, AER, 1978.
8. Pissarides, Search Unemployment with On-the-job Search, REStud,1994.
9. Burdett and Mortensen, Wage Differentials, Employer Size and Unemployment, IER, 1998.
10. Moen, Competitive Search Equilibrium, JPE, 1997
11. Shi, A Directed Search Model of Inequality with Heterogeneous Skills and Skill-Biased Technology, REStud, 2002
12. Menzio and Shi, Efficient Search on the Job and the Business Cycle, JPE, 2011.
13. Guler, Guvenen, and Violante, Joint-Search Theory: New Opportunities and New Frictions, JME, 2012. |
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Grading |
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