What other legal protections do U.S. workers have? Nevertheless, it may be What is the impact of labor organizations in the US? Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Students may take the course for noncredit. Bureau of International Labor Affairs (ILAB) Bureau of Labor Statistics (BLS) Centers for Faith and Opportunity Initiatives (CFOI) Employee Benefits Security Administration (EBSA) Employees' Compensation Appeals Board (ECAB) Employment and Training Administration (ETA) Mine Safety and Health Administration (MSHA) Is there discrimination in labor markets and how do we measure it? 34 terms. Midterm assignment available Wednesday March 9 and due uploaded to CANVAS no later than 7:30 pm (ET) on Wednesday, March 23. Please select which sections you would like to print: Corrections? Is there a role for labor market policy to reduce inequality? If you have yet to identify a problem area, now you can tackle as part of your project, that’s not an issue. The yield, in turn, is calculated by assuming that the average subsequent earnings of those who completed a given course of education, compared with the average earnings of those who stopped just short of it, provide a valuation of the increase in productivity that the course confers. List of Economics Project Topics, Research Materials, Guidelines/Ideas and Works for final year undergraduate students in Nigerian Universities / Polytechnics. Is it possible to predict and prevent economic crisis in European countries? The labor economics perspective suggests that to design effective health workforce policies, it is important to understand the overall labor market conditions in the health sector – namely, is the current employment level demand constrained, supply constrained, or at or near equilibrium? What is a labor market? Particular emphasis is on the interaction of theoretical and empirical modelling and its relevance for economic policy. Allowance must then be made for those persons who continue to work for gain after attaining pensionable age. The beneficial effects of stronger physique on health have been enhanced by the advance of medical knowledge and the increased availability of medical services. The Series which is published by Emerald aims to apply economic theory and econometrics to analyze important policy related questions, often with an international focus. Formerly, female rates ran higher than male in the earlier years because fewer girls enjoyed extended education, but from the age of 20 onward they fell sharply as women married and withdrew to domestic duties. There is evidence that physique has been greatly improved by increases in the standard of living in the 20th century. www.extension.harvard.edu/resources-policies/student-conduct/academic-integrity, www.extension.harvard.edu/resources-policies/resources/tips-avoid-plagiarism, www.extension.harvard.edu/resources-policies/resources/disability-services-accessibility, Weekly assignments, attendance, and class participation: 30%. Students who miss more than two classes, without truly exceptional circumstances, will see their final course grade drop a full letter grade. Are college students borrowing too much? In addition, we study the role of public policy in affecting wage and employment. course grading. Topic 4: Legislative Branch. Econ Topic 5 - Business and Labor. Many reports on the financial state of the nation will include some reference to the labor market. What are the short and long run impacts of unemployment on workers? The quality of the labour force depends on education and training, physique, and health. Research in Labor Economics is a biannual series which publishes new peer-reviewed research on important and policy-relevant topics in labor economics. Her current research concerns women in the labor force and the economics of higher education. Hilary Hoynes, Professor of Public Policy and Economics. Students will have the opportunity to learn about the latest research and read key academic papers in the field with the aid of reading guides that will help them understand and digest the material. Instructor: Jane Katz (email@example.com), (FINAL VERSION AVAILABLE IN JANUARY 2016). Some functions … Noncredit students may receive all course materials, participate in all classes and activities, and complete all assignments and exams. Economics, Topic 5, Business and Labor, vocab. Course meetings will take place online on Wednesday evenings from 7:40 pm to 9:40 pm. 52 terms. Updates? The most important reason for this arises from the peculiar nature of labour as a commodity. These changes can be linked to many causes such as technology, social changes that have been brought about by war and conflicts, economic growth & … This evidence of the influence of persistent forces working within an equilibrating system is one justification for the economistâs speaking of a labour market. All students are responsible for understanding Harvard Extension School policies on academic integrity (www.extension.harvard.edu/resources-policies/student-conduct/academic-integrity) and how to use sources responsibly. The Extension School is committed to providing an accessible academic community. Decision Making and Cost-Benefit AnalysisDivision of Labor and SpecializationEconomic InstitutionsEconomic SystemsIncentivesMoneyOpportunity CostProductive ResourcesProductivityProperty RightsScarcityTechnologyTrade, Exchange and Interdependence Is there discrimination in labor markets based on race/ethnicity and gender? How much does education affect earnings and employment prospects? However, it is recommended that students have familiarity with basic concepts and diagrams in microeconomics (demand, supply and equilibrium; elasticity) as they will be introduced and used throughout. How do economists define and look for evidence of discrimination? The act of hiring labour, unlike that of hiring a machine, is necessary but not sufficient for the completion of work. Education and training can be regarded as a kind of investment, and the rate of return it yields can be estimated. Would it improve educational outcomes to pay high school students for studying? The amount of the investment is the value of the studentâs use of resourcesâbuildings, equipment, and instructorsâtogether with the output that the economy would have enjoyed from work had the student been gainfully occupied rather than studying. A few of these textbooks include N. Gregory Mankiw, Principles of Economics McConnell, Brue, and Flynn, Economics David Colander, Microeconomics Paul Heyne, The Economic Way of Thinking Irvin … The Top 50 Economics Research Ideas Online. In their different ways these are far from being merely passive agents through which market forces are transmitted into human behaviour. His research focuses on the topics in labor economics and the economics of education, including early childhood programs, school effectiveness, and labor market discrimination. The limits of working age are usually taken to be established by the minimum school-leaving age and the prevailing pensionable age. Though estimates of this kind are subject to some objections in principle, they do serve a useful purpose in stressing the potential of education and technical training in raising productivity and the risk of investing too little in them relative to other forms of investment. Students taking the course for graduate credit should complete all regular assignments and will be graded according to a higher standard than those taking the course for undergraduate credit. Why are incomes becoming more unequal in the U.S.? By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica. Almost everyone participates in the labor market during their life either as a worker, a boss, or maybe both. Economics Vocabulary Chapters 8 and 9. Change at Home, in the Labor Market, and On the Job, Volume 48; Health and Labor … Examining wage and income inequality: What do the data show? Using a Labor Economics Perspectives to Guide Policy. Employees have to be motivated to work to an acceptable standard, and the employment contract is, in effect, open-ended. The labour force comprises all those who work for gain, whether as employees, employers, or as self-employed, and it includes the unemployed who are seeking work. There are no excuses for failure to uphold academic integrity. In discussing both market and nonmarket forces in labour economics, the following discussion poses them not as alternatives but as complementary explanations. Description:Labor economics as a field has grown enormously in the past several decades. Topics in Labor Economics will explore what economists know about a range of important labor market issues, including: What determines wages? Take home final exam available Friday, May 6 due uploaded to CANVAS no later than 3:00pm (ET) Sunday, May 15. Topics. What accounts for/explains wage and earnings differences or “gaps”? A secondary aim is to give students experience in presenting work Labour economics involves the study of the factors affecting the efficiency of these workers, their deployment between different industries and occupations, and the determination of their pay. This sluggishness of labour market response is particularly notable for more skilled labour and for labour employed by firms in strong product market positions. Have these gaps diminished over time? Research in Labor Economics available volumes. Women so occupied remain by far the largest contingent of persons of working age not in the labour force. Claudia Goldin is an economic historian and a labor economist. Thus, students are required to (1) complete (upload to CANVAS) a short assignment based on course reading prior to each class and (2) attend all classes and participate in discussion and class activities. Since World War II, however, it has been less usual for women to leave paid employment immediately on marriage. CiteScore: 2.3 ℹ CiteScore: 2019: 2.3 CiteScore measures the average citations received per peer-reviewed document published in this title. The employed labour force may be characterized by particular activity rates. This course will address these questions from the perspective of economic theory and evidence. Books and journals Case studies Expert Briefings Open Access. Let us know if you have suggestions to improve this article (requires login). What are the basic concepts and definitions they use in their analysis? The great obstacle there is that the employer is not assured of retaining the services of workers in whose training he has invested. Topics in Labor Economics, WS 2007/2008 (2 SWS) Goals: The primary of this class is to expose students to some of the current research in labor economics, with topics depending on student interest. How do they collect and evaluate evidence? How does this relate to the ability of people to move up over their lifetimes? What determines wages and earnings I: Demand side (firm) factors, What determines wages and earnings II: Supply side (worker) factors, What determines wages and earnings III: The impact of culture, history, law and public policy. The net yield so calculated can then be expressed as a rate of return on the investment. They may, for instance, shape the market by defining its categories of labour. Schuetze Economics 370 What is Labour Economics? Omissions? This is a useful start-ing place, and for most practical purposes quite su ﬃcient. Introduction Supplementary materials for popular college textbooks used in courses in the Principles of Economics, Microeconomics, Price Theory, and Macroeconomics are suggested by topic. Marrying at a young age and having a small number of children has enabled many women to return to paid work in their 30s, and female activity rates have come to show a second peak between the mid-30s and the mid-40s, after which they decline more steeply than male rates. Labor economics, along with the new home economics, is the first field to incorporate gender into the neoclassical framework. To add some comments, click the "Edit" link at the top. Learn labor economics with free interactive flashcards. In developing models for the study of these factors, this section deals with the labour force of contemporary industrialized economies. Estimates suggest that this rate of return is not less than that generally obtained from investment in physical capital. Employment Economics Dissertation Topics Employment is considered to be a key concept in economics and its significance is reflected in the perception that people at work are seen as individuals/groups of individuals involved in the production of services and goods. Writing of such topics needs extensive familiarity and knowledge to write them in the proper context required. There are additional readings (some required and some recommended) for each topic that can be found on CANVAS. 33 terms. How to conduct neoliberal reforms in your country. However, assignments and exams will not be graded. Labour economics, study of the labour force as an element in the process of production. Use this list of … All students are required to read the required readings! A Handful Of Winning Labor Economics Research Paper Topics Labor economics attempts to predict the response of employers and employees to changing prices, wages, and working conditions. (Why) Should we care? Among males, activity rates in the earlier years of working age are as a rule low, because so many remain in education and training. Depending upon both the circumstances and the purpose for which the explanation is required, it is an empirical question how far the forces that these scientists study might interact with the market forces that are the special province of the economist. The study is rather broad and diverse, as both macroeconomic … How do economists think about labor markets? This may be no problem when employees are weak and easily replaced, but the more skilled, organized, and indispensable they are, the more the care that must be given to creating an institutional setting that will win their compliance and meet their notions of fairness. Course readings. Students with disabilities. Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.Labour is a commodity that is supplied by labourers in exchange for a wage paid by demanding firms. The difference in pay between, for example, a craftsman and the labourer who works alongside him may be fixed by custom, an arbitrator, a job evaluation system, or a bargain with a trade union. Because these labourers exist as parts of a social, institutional, or political system, labour economics is often regarded as a sociology or political science. Title: Topics for term paper in labor economics: Author: Julian Betts Created Date: 8/3/2012 3:36:58 PM Students without this background can prepare for the course by reviewing basic Algebra and reading the introductory chapter(s) on demand and supply found in any introductory principles of economics textbook or on the web (such as Khan Academy videos). Books in series. They may provide training in-house and seek to retain the employee by inducements such as the prospect of career progression, pension entitlements, and other devices designed to encourage loyalty and an âorganizational orientation.â Or, alternatively, employers may combine to establish industrywide training arrangements, sometimes with statutory support, thereby permitting ample skilled employees for easy movement between firms and more of a âmarket orientationâ in their work forces.
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