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1、UIBEUndergraduateCoursewareLaborEconomicsHaifengZhangSpring,2011Email:haif_zh@hotmail.comUIBEUndergraduateCoursewareTextbooksandReferences•RonaldG.EhrenbergandRobertS.Smith,ModernLaborEconomics:TheoryandPublicPolicy,PearsonAddisonWesley.•GeorgeJ.Borjas,Lab
2、orEconomics,McGraw-Hill.•HandbookofLaborEconomics,variousvolumes.LaborEconomics,Spring,2011,byHaifengZhangUIBEUndergraduateCoursewareCourseOutline•PartI:Introduction•PartII:DemandforLabor•PartIII:SupplyofLabor•PartIV:SpecialTopics–Humancapitalinvestment–Wa
3、geinequality–Migrationandmobility–Payandproductivity–Discrimination…LaborEconomics,Spring,2011,byHaifengZhangUIBEUndergraduateCoursewareChapterIIntroductionEmail:haif_zh@hotmail.comUIBEUndergraduateCoursewareWhyWeStudyLaborEconomics?•Mostofuswillallocateal
4、argefractionoftimetothelabormarket.–Ourwealth–Typesofgoodsthatwecanaffordtoconsume–Schoolchoices–Fertility–Migration……LaborEconomics,Spring,2011,byHaifengZhangUIBEUndergraduateCoursewareWhyWeStudyLaborEconomics?•Moreimportant,publicpolicyissuesalsoneedsoph
5、isticatedanalysesofthelabormarket.Thepolicyissuesincludebutnotlimitedtothefollowing,–ThechangeoflaborforceparticipationovertimeinmanyindustrializedcountriesandChina–Theimpactofimmigrationonthewageandemploymentopportunitiesoflocal/nativeworkers–Therisingwag
6、einequalityLaborEconomics,Spring,2011,byHaifengZhangUIBEUndergraduateCoursewareWhyWeStudyLaborEconomics?–Theimpactofuniononthewelfareofbothmembersandnon-members–Minimumwageversusunemploymentrateofunskilledworkers–Shouldgovernmentssubsidizethebehaviorsofhum
7、ancapitalinvestment?–Doesunemploymentinsurancelengthenthedurationofunemployment?–Doestechnicalchangeincreaseunemploymentrate?–Whydidlaborcompensationshare(inGDP)decreaseoverthepastdecadesinChina?……LaborEconomics,Spring,2011,byHaifengZhangUIBEUndergraduateC
8、oursewareSomeBasicConcepts•PositiveEconomics:answerthequestionof“Whatis”–UndersomebasicassumptionssuchasScarcityandRationality,peoplewillrespondfavorablytobenefitsandnegativelytocosts.–Hence,theoriescanbetest
