This curricular unit aims at providing to the students a set of tools and competencies which enable them to interpret and understand the functioning of the labor market, based on the economic theory. For this purpose, some theoretical models related to the functioning of that market will be presented to the students. Some results gathered from empirical works will also be presented and discussed under the vein of those theories. At the end of the course students must be able to
1. Understand the main theoretical models used by economists to describe the functioning and the allocation of resources on the labor market;
2. Solve exercises, sometimes using mathematical tools, based on the theoretical models presented in the classroom;
3. To interpret and discuss specific cases and empirical results having those models as a reference.
1. Introduction
2. Labor Supply
3. Labor Demand
4. Labor Market Equilibrium: wages and employment determination
5. Education, Vocational training and the Labor Market
6. Compensating wage Differentials Theory
7. Labor Mobility
8. Labor Market Discrimination
9. Trade Unions and the Functioning of the labor market
10. Incentives in the Organizations
11. Empirical Evidence on the Wage Distribution
Teaching encompasses theoretical and practical classes. Each chapter of the syllabus begins with one or more questions to the students on the functioning of the labor market, where the teacher listens them and their opinion during several minutes and try to drive their vision as close as possible to what will be taught in the theoretical class. The theoretical explanation normally using a mathematical and graphical analysis of the corresponding model starts after this previous auscultation. Practical classes at designed to solve exercises, usually using mathematical tools, multiple choice exercises, and to comment texts and sentences having as reference what the students learnt in the theoretical class.
BORJAS, George (2012) Labor Economics, 6th Edition, New York: McGraw-Hill.
FILER, Randal, HAMERMESH, Daniel e REES, Albert (1996) The Economics of Work and Pay, 6th Edition, New York: Harper Collins Publishers.
Alguns Papers:
ADDISON, John e BELFIELD, Clive (2004) “Unions and employment growth: the one constant?”, Industrial Relations, 43: 305-323.
BAUER, Thomas e PEREIRA, Pedro Telhado (2002) “Portuguese migrants in the German labor market: performance and self-selection”, International Migration Review, 36: 467-491.
BLAU, Francine and LAWRENCE, Kahn, (2000) “Gender differences in pay”, Journal of Economic Perspectives, 14, 75-99.
DEARDEN, Lorraine, REED, Howard e REENEN, John (2000) “Who gains when worker train? Training and corporate productivity in a panel of British industries”, The Institute for Fiscal Studies, Working Paper W00/04.
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