Economics of Labor Markets

Catalog description

Studies the major determinants of the individual’s decision to work and the firm’s decision to hire workers. Analyzes labor supply and labor demand to understand what determines earnings, the reasons for unemployment and how the labor market evolves over time. Contemporary issues studied in this course include the effects of the minimum wage, the causes of earnings inequality and poverty and the economics of discrimination. Presents data and discussion of the evolution of institutions to provide context to these current economic issues.