Labour Economics and Policy Evaluation
A.Y. 2021/2022
Learning objectives
The course is designed to provide a rigorous introduction to the conceptual apparatus of modern labour economics. Its objective is to equip students with the basic analytical tools required to read and understand contemporary literature in both theoretical and applied labour economics. Each topic will be approached starting from some theorical models, aiming to explain the behaviour of economic agents (workers, firms, etc.) and to obtain testable implications, and then illustrated through some empirical applications taken from the academic literature, mainly using microeconometric techniques.
Expected learning outcomes
After the course, students must be able to apply economic reasoning to understand the functioning of labour markets and how they are influenced by public policies or changes in economic fundamentals. This theoretical knowledge will provide students with the necessary background to interpret the results of empirical studies that use microeconometric techniques to study labour market issues or to evaluate labour market policies.
Lesson period: First trimester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.
Course syllabus and organization
Single session
Responsible
Lesson period
First trimester
Lectures and classes will be delivered in Microsoft Teams in a dedicated channel named "Labour Economics and Policy Evaluation (DSE) - 2021/22". Teaching material will be posted on the ARIEL website of the course.
Written online exams will take place using the exam.net platform, with invigilation through Zoom.
Written online exams will take place using the exam.net platform, with invigilation through Zoom.
Course syllabus
The neoclassical model of labor supply [chapter 1]
Household and female labor supply [chapter 1]
Estimation of labor supply [chapter 1 and academic articles]
Labor demand [chapter 2]
Estimation of labor demand [chapter 2 and academic articles]
Competitive equilibrium and compensating wage differentials and discrimination, with applications [chapters 3 and 8 and academic articles]
Education and Human capital [chapter 4]
Estimation of the returns to education [chapter 4 and academic articles]
Technological progress, globalization and inequalities, with applications [chapters 10-11 and academic articles]
Labor market policies [chapter 14]
Examples of evaluation of labor market policies and reforms [academic articles]
Household and female labor supply [chapter 1]
Estimation of labor supply [chapter 1 and academic articles]
Labor demand [chapter 2]
Estimation of labor demand [chapter 2 and academic articles]
Competitive equilibrium and compensating wage differentials and discrimination, with applications [chapters 3 and 8 and academic articles]
Education and Human capital [chapter 4]
Estimation of the returns to education [chapter 4 and academic articles]
Technological progress, globalization and inequalities, with applications [chapters 10-11 and academic articles]
Labor market policies [chapter 14]
Examples of evaluation of labor market policies and reforms [academic articles]
Prerequisites for admission
Students are expected to be already familiar with demand and production theory, acquired in the "Advanced Microeconomics and Macroeconomics" (DSE, MEF) or "Advanced Microeconomics" (EPS) courses, and with the main empirical strategies used to assess causality in econometrics (i.e. taught in the DSE course "Micro-econometrics, Causal Inference and Time Series Econometrics" or the EPS course "Empirical Methods for Economics and Policy Evaluation"). Knowledge of statistical/econometric software packages such as R or STATA is needed to complete the (voluntary) paper assignment and class assignments. (Some basic knowledge of the STATA software can be acquired through the EPS "Advanced Computer Skills" course, from the 2020-21 edition.)
Teaching methods
The course mainly consists of lectures in which theoretical models explaining the functioning of the labour market and econometric methodologies commonly used for research in the field of labour economics will be illustrated. The course will consist both of frontal lectures and of more applied sessions in which students will be shown some empirical applications and asked to replicate academic papers using econometric software.
Teaching Resources
Pierre Cahuc, Stéphane Carcillo, and André Zylberberg (2014), Labor Economics, Second Edition, The MIT Press. [Chapters specified in the syllabus]
Academic papers listed in the ARIEL course website.
c papers listed in the ARIEL course website.
Academic papers listed in the ARIEL course website.
c papers listed in the ARIEL course website.
Assessment methods and Criteria
The course is assessed for both attending and non-attending students through a final written exam, which mainly consists of open and multiple-choice questions. Attending students can also decide to write an empirical paper (either single-authored or in groups of 2-3 students) on labour market issues in which they use the theory and methodology learned during the course. In this latter case, the paper makes 1/2 of the total grade.
Professor(s)
Reception:
Unless otherwise notified (published here): Tuesday 18:00-19:30; Wednesday 18:00-19:30. On appointment.
MS Teams or in person (office nr. 21 DEMM)