The Economics of Human Resources

Catalog description

This course develops the treatment of human resources as determinants and consequences of labor market outcomes. The course will consist of two parts: the first studies the importance of the economic mechanism or economic models that drives such outcomes. Important determinants are discussed with special references to human capital (education and training), job mobility, internal labor markets within organizations, unemployment. We are interested in analyzing questions such as: how are wages and fringe benefits determined? What is human capital? Do immigrants take jobs from natives? Does education affect your health? Will children of poor parents themselves be poor? In the second part of the course we will apply the theoretical concepts to empirical applications. This will give you a real-world flavor and help you understand the theoretical and their limitations.