Lecture 1 Introduction PDF

Lecture 1 Introduction PDF - Should education be...

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Introduction Econ 339 Labor Economics
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Why study Labor Economics? We spent considerable time in the labor market? Wages determine our life style Labor Markets determine the distribution of wealth and income Labor Markets are effected by International Trade, Immigration and Globalization
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Why study Labor Economics? Labor Market is fundamentally different from other markets Labor cannot be legally sold, it can only be rented by firms Labor is inherently heterogeneous Normative Issues arise that don’t come up in other markets Labor market is he target of many government policy (unions, severance pay, age discrimination etc.)
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Some Questions
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Unformatted text preview: Should education be subsidized? How do people choose education/jobs/occupations? What is the source of increasing wage inequality in the 80s? What is the source of gender and race differences in wages? Some Questions What are the economic effects of immigration? What is the impact of affirmative action on labor market outcomes? Do generous social benefits (level and duration of unemployment insurance, welfare payments) affect the time people allocate to work? How do we design and evaluate programs that help people support themselves? Summary We study Labor Economics because. . WE HAVE A HEART!!...
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This note was uploaded on 11/17/2009 for the course ECON 339 taught by Professor Habermalz during the Spring '09 term at Northwestern.

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Lecture 1 Introduction PDF - Should education be...

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