Course Details
Country:
Germany
Institution:
Goethe - University Frankfurt
Course Title:
The Economics of Labor Markets
Course Number:
WPME:ECLM
Course Description:
This course offers an introduction to modern labor economics with a focus on labor market institutions, that is, systems of laws and programs that shape the behavior of individual workers and employers. The course introduces analytical tools and economic models to study various aspects of labor markets. We will investigate the effects of different institutions on the labor market, considering not only their direct effects on employment, unemployment, and wages but also its indirect effects, mediated by the presence of other institutions. We will try to understand the rationale for each labor market institution and assess to what extent it achieves its objective - both in theory and empirically. Since the labor market characteristics and the corresponding regulations vary enormously across countries, the course offers an international perspective. It gives an overview of differences in labor markets between countries and compares the efficacy of various institutional arrangements.
Language:
English
Approved Equivalent:
ECON 321
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