Inhalt
[ 971EML2LMUK22 ] KS Labor Markets, Unemployment, and Migration
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| Workload |
Education level |
Study areas |
Responsible person |
Hours per week |
Coordinating university |
| 6 ECTS |
M1 - Master's programme 1. year |
Economics |
Daniel Schäfer |
4 hpw |
Johannes Kepler University Linz |
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| Detailed information |
| Original study plan |
Master's programme Economics (Economic Policy Analysis) 2025W |
| Learning Outcomes |
Competences |
| Central issues that we will cover are the determination of aggregate employment, unemployment, and wages, and the effects of different policies on these variables. Specific macro-labor topics will include the classical theory of aggregate labor supply and demand over the business cycle, minimum wages, immigration, monopsonistic competition, and search models of unemployment. Additionally, this course will teach you some new applied methods, including synthetic control and regression discontinuity.
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| Skills |
Knowledge |
- Difference-in-differences framework;
- Regression discontinuity;
- Synthetic control method;
- Analysis of equilibrium models of the labor market
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- Aggregate Labor Supply, Aggregate Labor Demand, and Competitive Labor Market Equilibrium; Linear Regression; Fixed Effects.
- Incidence of Mandated Benefits; Wage Cyclicality over the Business Cycle.
- Theory: Monopsonistic Labor Market.
- Theory: Gross Substitutes vs. Gross Complements; Net Present Value; Selection.
- Search Models of Unemployment (Theory); Unemployment Benefits; Non-Compete Clauses; Earnings losses of displaced workers
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| Criteria for evaluation |
Regular problem sets; Policy briefs incl. presentation; Final exam
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| Methods |
For each subject, we begin with an overview of international key statistics, focussing on differences and similarities across countries. Subsequently, we discuss economic principles that are relevant for the design of public policies. Finally, we will discuss empirical evidence about the effects of various public policies on aggregate labor market outcomes.
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| Language |
English |
| Study material |
„Labor Economics“ by Pierre Cahuc, Stephane Carcillo, and Andre Zylberberg
Selected articles covering the latest empirical evidence
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| Changing subject? |
No |
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| On-site course |
| Maximum number of participants |
100 |
| Assignment procedure |
Assignment according to priority |
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