| LABOUR ECONOMICS
(objectives)
The course will highlight the macro and microeconomic peculiarities of the labor market. It will analyze the determinants of the level of employment and its composition, the relationship between unemployment and the rate of inflation, the determinants of the wage rate and wage differentials, the relationship between wages and labour productivity. As regards the recent evolutionary phenomena of the labour market, the course aims to analyze their quantitative and qualitative aspects and the implications for economic policy. In particular, it will focus on the evolution of the employment structure and labour underemployment, on full employment policies, on welfare systems, and on income support measures.
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Code
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21201501 |
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Language
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ITA |
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Type of certificate
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Profit certificate
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Credits
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9
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Scientific Disciplinary Sector Code
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SECS-P/01
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Contact Hours
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60
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Type of Activity
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Elective activities
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Derived from
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21201501 LABOUR ECONOMICS in Economics L-33 LEVRERO ENRICO SERGIO
(syllabus)
I. THE LABOUR MARKET
- The peculiarity of the labour market
- Changes in employment and its composition
- The measure of labour unemployment and underemployment
- Time and piece wages
- Wage differentials
- The share of wages in national income
- Trade unions and collective bargaining
II. THEORETICAL MODELS
- The neoclassical theory of wages and employment
- Employment and wages in the Keynesian model
- The IS-LM model
- From the Beveridge curve to the Phillips curve
- The interpretations of the Phillips curve
- The search theory and the theory of human capital
- The new-Keynesian economics
- Imperfection competition, NAIRU and distributive conflict
- Alternative theories of wages and employment
- Subsistence wage, surplus wage and the competition in the labour market
III..EMPIRICAL ANALYSIS AND LABOUR POLICIES
- The European strategy for employment
- The reforms of the labour market in Italy and Europe
- Welfare systems and financial capitalism
- Measures against poverty: basic income and schemes of job-guarantee
- Wages and labour productivity
- Wage share and employment
- Potential output, NAIRU and structural deficit
- Innovations, productivity and working time
(reference books)
P. Tridico, ECONOMIA DEL LAVORO. Analisi macroeconomica, evidenze empiriche e politiche del lavoro" Mondadori Università, 2019.
ES. Levrero, Lectures slides and notes
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Dates of beginning and end of teaching activities
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From to |
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Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
Oral exam
A project evaluation
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Università Roma Tre