Why Labour Economics?
Kaufman, B. E. (2001). Human resources and industrial relations: Commonalities and differences. Human Resource Management Review, 11(4), 339-374.
Kaufman, B. E. (1999). Expanding the behavioral foundations of labor economics. Industrial and labor relations review, 361-392.
Foundations of Labour Market: Micro Economics
Labour Supply
Demand for Labour
Reading: Borjas George (2016), Labor Economics, 7th Edition, McGraw-Hill Education
Chapters: 1,2,3, 4
Basic Framework of Labour Market
(Reading:
International Labour Office (ILO). (2023). World employment and social outlook: Trends 2023. Geneva: ILO.
(Page 1 to 38) )
Data: Global Labour Statistics
Global Labour Market: Definitions & Indicators
(Reading:
Bino Paul (2017), A note on Global Labour Market,
Indian Labour Market: Definitions & Indicators
(Reading:
Government of India (2023), Periodic Labour Survey 2022-2023, MoSPI
Bino Paul (2017), A note on Indian Labour Market,
Penn World Data
Outcome
The engagement provides analytics skills and awareness of the labour market.
Paul, B., Datta, R. C., Patnaik, U., Thomankutty, S. C., & Soman, S. P. (2023). The Dynamics of Indian Labour: Ramifications for Future of Work and Sustainability. Sustainability, 15(12), 9312.
Section outline
Objective
We aim to understand multiple dimensions of the future of work. Digital technologies are ubiquitous. And, it is disruptive. Whether we choose it or not, it impacts our living.
It substitutes human in certain activities. Or, it makes human more creative. What is the net effect? Does the benefit exceed the cost?
Our pedagogy goes the following way. We need to read/watch the content given below. It's a mix of articles and a video. It gives us a conceptual understanding of the theme.
Reading (Reference with Weblinks)
David, H. (2015). Why are there still so many jobs? The history and future of workplace automation. Journal of economic perspectives, 29(3), 3-30.
Kellogg, K. C., Valentine, M. A., & Christin, A. (2020). Algorithms at work: The new contested terrain of control. Academy of Management Annals, 14(1), 366-410.
Global Commission on the Future of Work (2019), Work for a brighter future, ILO
De Vries, G. J., Gentile, E., Miroudot, S., & Wacker, K. M. (2020). The rise of robots and the fall of routine jobs. Labour Economics, 66, 101885.
Berg, A., Buffie, E. F., & Zanna, L. F. (2016). Robots, growth, and inequality. Finance & Development, 53(3), 10-13.
Mani, S. (2017). Robot Apocalypse: Does It Matter for India’s Manufacturing Industry?. Centre for Development Studies Working Paper, (474).
Supplementary Reading:
Deming, D. J. (2017). The growing importance of social skills in the labor market. The Quarterly Journal of Economics, 132(4), 1593-1640.
(Read introduction and conclusion)
https://www.mckinsey.com/featured-insights/future-of-work/the-future-of-work-after-covid-19
(Explore the content)
Outcomes:
Learning makes your thinking more critical and creative. It endures throughout your life. So, this helps your articulation in diverse organizational/social/collective contexts.
Who creates jobs? Post-2000, a substantial part of global employment comes from the Global Value Chains (GVC). It's a network of suppliers and buyers, capturing business to business and business to customer. Across products and services, its governance varies. Is this system going to sustain?
Reference
Gereffi, G., & Fernandez-Stark, K. (2011). Global value chain analysis: a primer. Center on Globalization, Governance & Competitiveness (CGGC), Duke University, North Carolina, USA. (Read the full article)
Farole, T. (2016). Do global value chains create jobs?. IZA World of Labor.
Hollweg, C. H. (2019). Global value chains and employment in developing economies. Global Value Chain Development Report 2019, 63 (Read the full article)
Outcomes:
Learning makes your thinking more critical and creative. It endures throughout your life. So, this helps your articulation in diverse organizational/social/collective contexts.
Global Wage Report 2024-25, Is wage inequality decreasing globally? International Labour Office – Geneva: ILO, 2024 (Read Full Content)
Living Wage (https://www.globallivingwage.org/about/anker-methodology/)
Carr, S. C., Parker, J., Arrowsmith, J., & Watters, P. A. (2016). The living wage: Theoretical integration and an applied research agenda. International Labour Review, 155(1), 1-24.
Outcomes:
Learning makes your thinking more critical and creative. It endures throughout your life. So, this helps your articulation in diverse organizational/social/collective contexts.
Reading
Kaufman, B. E. (2010). The theoretical foundation of industrial relations and its implications for labor economics and human resource management. Industrial & Labor Relations Review,64(1), 74-108 (Read the full paper)
Bino Paul (2017), Institutional Economics of Labour (read the full content)
Piore, M., & Doeringer, P. (1971). Internal labor markets and manpower analysis. Lexington, Mass: Heat (Chapters 2 & 3)
Video
Outcomes:
Learning makes your thinking more critical and creative. It endures throughout your life. So, this helps your articulation in diverse organizational/social/collective contexts.