Numbering Code	U-ECON00 20506 LJ43	Year/Term	2022 ・ Second semester
Number of Credits	2	Course Type	Lecture
Target Year	From 2nd to 4th year students	Target Student
Language	Japanese	Day/Period	Tue.4
Instructor name	YAMADA KEN (Graduate School of Economics Professor)
Outline and Purpose of the Course	Labor economics is a field of economics that studies the workings of the labor market, and aims primarily at understanding the determination of employment and wages. In this course, we consider the meaning of working, hiring, earning, schooling, moving, and discriminating from economic perspectives. In doing so, students learn theory, evidence, and applications in modern labor economics.
Course Goals	Upon successful completion of the course, the student would be able to understand the determination of wages and employment, interpret basic facts about the labor market, and evaluate the role of public policies in the labor market.
Schedule and Contents	From Weeks 1 to 7, we overview the principles of supply and demand in competitive markets to evaluate the impact of the tax and transfer system, the minimum wage, the employment protection legislation, and immigration on employment and wages. From Weeks 8 to 15, we consider monopsony, job characteristics, human capital, labor mobility, and discrimination to understand the nature and causes of wage differentials. Week 1: introduction Weeks 2-3: labor supply Weeks 4-5: labor demand Week 6: labor market equilibrium Week 7: compensating wage differentials Weeks 8-9: human capital Weeks 10-11: wage structure Weeks 12: labor mobility Week 13: labor market discrimination Week 14: incentive pay Week 15: review
Evaluation Methods and Policy	Grades are based on final exam (70%) and assignments (30%).
Course Requirements	Although reviewed in lecture, students are required to have a basic understanding of constrained optimization.
Study outside of Class (preparation and review)	Students should look through lecture notes before lecture, and work on exercises and assignments after lecture.
References, etc.	Labor Economics, Borjas, George J., (McGraw-Hill) 労働経済学―理論と実証をつなぐ, 川口大司, (有斐閣) 労働経済学をつかむ, 大森義明、永瀬伸子, (有斐閣) 労働経済学, 宮本弘曉, (新世社)