Lecture7 - Yuya Takahashi 1 Today Theory of labor market...

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February 18, 2016 Yuya Takahashi 1
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Today Theory of labor market equilibrium Market efficiency Payroll Taxes and Subsidies Upward-sloping labor supply curve Next Discussion Empirical work, Anderson and Meyer (2006, NTJ) 2
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Various Assumptions for Labor Markets We have already seen how the market makes supply and demand equal to each other by adjusting the wage level We have assumed competitive labor markets There are several alternative market structures, such as monopsonies and monopolies We have focused on a single labor market The economy consists of many labor markets Differentiated by region or by industry We study several alternatives to single competitive markets 3
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