Labor Economics
(joint with Roland Rathelot)
Taxi pour noctambules (2014) by Marabout inspired from Edward Hopper, Nighthawks (1942)
Bibliography
Manuals
Labor Economics (Cahuc, Carcillo and Zylberberg) (MIT Press 2014)
Equilibrium Unemployment Theory (Pissarides) (MIT Press 2000)
The Economics of Imperfect Labor Markets (Boeri and van ours) (Princeton University Press 2008)
Wage Dispersion: Why Are Similar Workers Paid Differently? (Mortensen) (MIT Press 2003)
Labor, Credit, and Goods Markets (Petrosky-Nadeau and Wasmer) (MIT Press 2017)
Surveys on search (and matching)
Job Search and Labor Market Analysis in Handbook of Labor Economics (Mortensen) (Elsevier, 1986)
New Developments in Models of Search in the Labor Market in Handbook of Labor Economics (Mortensen and Pissarides) (Elsevier, 1999)
Job Reallocation, Employment Fluctuations and Unemployment in Handbook of Macroeconomics (Mortensen and Pissarides) (Elsevier, 1999)
Search-Theoretic Models of the Labor Market (Shimer, Rogerson, Wright) (Journal of Economic Literature, 2005)
General audience ressources on search (and matching)
The Nobel lecture at LSE: Equilibrium in the Labor Market with Search Frictions (Pissarides, 2011)
The Diamond, Mortensen and Pissarides Nobel: Search and Market Frictions (Petrongolo, 2010)
Dale Mortensen: An appreciation (Pissarides) (Research in Economics, 2015)
Contents - Slides & Additional documents/resources
Lecture 1 : Job Search
Slides [pdf] [Handout #1]
Additional materials:
1. Labor Economics (chap. 5)
2. Krueger and Mueller, Job Search and Unemployment Insurance: New Evidence from Time Use Data, Journal of Public Economics, 2010. (*)
3. Hall and Kudlyak, The Unemployed with Jobs and without Jobs, Labour Economics, 2022. (*)
4. Fujita and Moscarini, Recall and Unemployment, American Economic Review, 2017.
Note: References with (*) are mandatory readings
Matlab code [zip]
Lecture 2 : Job Search (extension and deepening)
Slides [pdf] [Handout #2]
Additional materials:
Labor Economics (chap. 5)
Faberman, Mueller, Sahin and Topa (2022), Job Search Behavior among the Employed and Non-Employed, Econometrica. (*)
Eckstein and van den Berg, Empirical labor search models: A survey, Journal of Econometrics, 2007. (*) (section 1 to 3)
Flinn and Heckman, New methods for analyzing structural models of labor force dynamics, Journal of Econometrics, 1982.
Note: References with (*) are mandatory readings
Matlab code [zip]
Lecture 3 : Equilibrium Search Models
Slides [pdf]
Additional materials:
Labor Economics (chap. 5)
Eckstein and van den Berg, Empirical labor search models: A survey, Journal of Econometrics, 2007. (*) (section 6)
Hornstein, Krussell and Violante, Frictional Wage Dispersion in Search Models: A Quantitative Assessment, American Economic Review, 2011. (*)
Jolivet, Postel-Vinay and Robin, The empirical content of job search model, European Economic Review, 2006.
Postel-Vinay and Robin, Equilibrium Wage Dispersion with Worker and Employer Heterogeneity, Econometrica, 2002.
Note: References with (*) are mandatory readings
Lecture 4 : Equilibrium Unemployment Theory
Slides [pdf]
Additional materials:
Labor Economics (chap. 9)
Equilibrium Unemployment Theory (chap. 1, chap 8.1)
Labor, Credit, and Goods Markets (chap. 1 and chap. 3)
Pissarides, Equilibrium in the Labor Market with Search Frictions, American Economic Review, 2011. (*)
Pissarides, Dale Mortensen: An appreciation, Research in Economics, 2015. (*)
Moen, Competitive Search Equilibrium, Journal of Political Economy, 2007.
Note: References with (*) are mandatory readings
Lecture 5 : Equilibrium Unemployment Theory (extension and deepening)
Slides [pdf] [Handout #3]
Additional materials:
Labor Economics (chap. 13)
Equilibrium Unemployment Theory (chap. 2 and chap. 9)
Labor, Credit, and Goods Markets (chap. 1, 3 and 4)
Mortensen and Pissarides, Job Creation and Job Destruction in the Theory of Unemployment, Review of Economic Studies, 1994. (*)
Cahuc and Wasmer, Does intrafirm bargaining matter in the large firm's matching model ?, Macroeconomic Dynamics, 2001.
Ebell and Haefke, Product market deregulation and the US employment miracle. Review of Economic Dynamics, 2009.
Note: References with (*) are mandatory readings