Labor Economics

This course covers labor economics and labor policies issues. The analysis is both theoretical and empirical. The course relies on research papers and on the textbook:

Labor Economics, Pierre Cahuc, Stéphane Carcillo and André Zylberberg, MIT Press, 2014 with the associated web site labor-economics.org

Interesting resources for the replication study can be found here and here


Exam 2018

Exam 2019

Outline and references:



1. Job search: theory and empirical implications

Slides

Mathematical appendix

Cahuc, P. Carcillo, S. and Zylberberg, Labor Economics, The MIT Press, 2014, Chapter 5

R Lalive, J Van Ours, J Zweimüller, 2006, How changes in financial incentives affect the duration of unemployment. The Review of Economic Studies 73 (4), 1009-1038.

Moscarini, G. and F. Postel-Vinay, 2016, Wage Posting and Business Cycles, American Economic Review Papers and Proceedings, 106(5), 208-13

Rogerson, Richard, Robert Shimer and Randall Wright. Search Theoretic Models of the Labor Market: A Survey, Journal of Economic Literature, 2005, v43(4,Dec), 959-988.


2. Optimal unemployment insurance

Slides

Cahuc, P. Carcillo, S. and Zylberberg, Labor Economics, The MIT Press, 2014, Chapter 13 (read section 1)

Schmieder J. von Wachter, T., 2016, The Effects of Unemployment Insurance Benefits: New Evidence and Interpretation, Annual Review of Economics, Vol. 8:547-581

Jonas Kolsrud; Camille Landais, Peter Nilsson and Johannes Spinnewijn, 2018, The Optimal Timing of Unemployment Benefits: Theory and Evidence from Sweden, American Economic Review, 108(4-5): 985–1033.

3. Search, Matching and equilibrium unemployment

Slides

Cahuc, P. Carcillo, S. and Zylberberg, Labor Economics, The MIT Press, 2014, Chapter 9 (read sections 1 to 4)

Randall Wright, Veronica Guerrieri, Philipp Kircher and Benoit Julien, Directed Search: A Guided Tour, 2019, Forthcoming, Journal of Economic Literature.


4. Minimum wage, employment and welfare

Slides

Cahuc, P. Carcillo, S. and Zylberberg, Labor Economics, The MIT Press, 2014, Chapter 12 (read section 2)

José Azar, Emiliano Huet-Vaughn, Ioana Marinescu, Bledi Taska & Till von Wachter, 2019. Minimum Wage Employment Effects and Labor Market Concentration,NBER Working paper 26101.

David Neumark, 2018, Employment effects of the minimum wage, IZA world of Labor

Doruk Cengiz, Arindrajit Dube, Attila Lindner, Ben Zipperer, 2019. The Effect of Minimum Wages on Low-Wage Jobs, The Quarterly Journal of Economics, Volume 134, Issue 3, August 2019, pp.1405–1454.



5. Tax incidence : employment and hiring subsidies

Slides

Cahuc, P. Carcillo, S. and Zylberberg, Labor Economics, The MIT Press, 2014, Chapter 1 (read section 2.1)

Cahuc, P., Carcillo, S. and Le Barbanchon, T., The effectiveness of Hiring Credits, The Review of Economic Studies, 2019, Supplementary appendix . Vox Eu Column;

6. Employment protection legislation

Slides

Cahuc, P. Carcillo, S. and Zylberberg, Labor Economics, The MIT Press, 2014, Chapter 13 (read section 2)

Scarpetta, S., 2014. Employment protection, IZA world of Labor