The net yield so calculated can then be expressed as a rate of return on the investment. How do economists think about labor markets? Have these gaps diminished over time? Change at Home, in the Labor Market, and On the Job, Volume 48; Health and Labor … Gender has been included in the models without challenging the theoretical foundations; it was merely a matter of arriving at … What is the role of the increasing importance of education and skill? The act of hiring labour, unlike that of hiring a machine, is necessary but not sufficient for the completion of work. What is a labor market? Picking Term Paper Topics On Labor Economics: Tips And Ideas Over the last 100 years, the labor market has changed dramatically. This course provides an overview of key topics in the field of labour economics. BSc/HND/OND Economics Project Topics and Materials Many reports on the financial state of the nation will include some reference to the labor market. Topic 4: Legislative Branch. This sluggishness of labour market response is particularly notable for more skilled labour and for labour employed by firms in strong product market positions. From these various activity rates there emerges an overall proportion of the gainfully occupied among all of working age that is typically in the region of two-thirds. Introduction Supplementary materials for popular college textbooks used in courses in the Principles of Economics, Microeconomics, Price Theory, and Macroeconomics are suggested by topic. 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. Research in Labor Economics available volumes. Take home final exam available Friday, May 6 due uploaded to CANVAS no later than 3:00pm (ET) Sunday, May 15. 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. Would it improve educational outcomes to pay high school students for studying? Indeed, these forces often play a more conspicuous part in the field of labour than do the market forces with which economic theory is mainly concerned. (Why) Should we care? The size of a country’s labour force, within a given total population, depends on two factors: the proportion of the total population that is of working age and the proportion of these who work for gain. It can be rather difficult to choose a great idea when there are so many possible analysis topics. 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. 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) Claudia Goldin is an economic historian and a labor economist. The pattern of female activity rates is very different and changed greatly in the second half of the 20th century. However, assignments and exams will not be graded. Allowance must then be made for those persons who continue to work for gain after attaining pensionable age. Decision Making and Cost-Benefit AnalysisDivision of Labor and SpecializationEconomic InstitutionsEconomic SystemsIncentivesMoneyOpportunity CostProductive ResourcesProductivityProperty RightsScarcityTechnologyTrade, Exchange and Interdependence A List of the Most Interesting Economics Research Paper Topics Even though economic research has diverse topics, some topics are more advanced and cumbersome. Why has inequality increased since the 1970s? Students may take the course for graduate credit. Our editors will review what you’ve submitted and determine whether to revise the article. What accounts for/explains wage and earnings differences or “gaps”? Labor Market research papers look into the labor market that is defined as the local or national market in which workers find paying work, employers find workers, and wages are determined. In their different ways these are far from being merely passive agents through which market forces are transmitted into human behaviour. 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%. Employers generally follow one of two strategies. Course readings. Academic honesty. Midterm assignment available Wednesday March 9 and due uploaded to CANVAS no later than 7:30 pm (ET) on Wednesday, March 23. Estimates suggest that this rate of return is not less than that generally obtained from investment in physical capital. There is evidence that physique has been greatly improved by increases in the standard of living in the 20th century. The amount of the investment is the value of the student’s use of resources—buildings, equipment, and instructors—together with the output that the economy would have enjoyed from work had the student been gainfully occupied rather than studying. temen6065. They may also be asked to complete one additional assignment. The students in the course will learn to understand and critically discuss current research papers and reports in the area of labor economics. This is a useful start-ing place, and for most practical purposes quite su fficient. Books and journals Case studies Expert Briefings Open Access. Hilary Hoynes, Professor of Public Policy and Economics. Research in Labor Economics is a biannual series which publishes new peer-reviewed research on important and policy-relevant topics in labor economics. 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. Updates? The majority of jobs are occupied by the same employees for many years, and only a small minority of employees quits their jobs in order to move to a comparable job that is better paid. Almost everyone participates in the labor market during their life either as a worker, a boss, … Her current research concerns women in the labor force and the economics of higher education. 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. What is the role of education in labor markets? The comparative study of wage movements in different periods and countries does show many similarities and regularities that are more marked than the variety of their settings would lead one to expect. The great obstacle there is that the employer is not assured of retaining the services of workers in whose training he has invested. Please select which sections you would like to print: Corrections? You can add any other comments, notes, or thoughts you have about the course Employees have to be motivated to work to an acceptable standard, and the employment contract is, in effect, open-ended. 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 anatomy of an economic crisis: various contributing factors. How do they collect and evaluate evidence? There are no excuses for failure to uphold academic integrity. Using a Labor Economics Perspectives to Guide Policy. The study is rather broad and diverse, as both macroeconomic … Schuetze Economics 370 What is Labour Economics? Women so occupied remain by far the largest contingent of persons of working age not in the labour force. A secondary aim is to give students experience in presenting work The syllabus page shows a table-oriented view of the course schedule, and the basics of His research focuses on the topics in labor economics and the economics of education, including early childhood programs, school effectiveness, and labor market discrimination. Of particular interest are the determinates of List Of Dissertation Topics In Economics We have been able to come up with a list of 20 economic dissertation topics which I am sure you will find useful. The text for the course is Modern Labor Economics: Theory and Public Policy, 12th edition by Ronald G. Ehrenberg and Robert S. Smith, available at the Harvard Coop and online through Amazon etc. The Extension School is committed to providing an accessible academic community. Books in series. Zastrow Business & Labor 2019. Who has the greatest chance of becoming unemployed? The economist cannot study the capabilities, jobs, and earnings of men and women without taking account of psychology, social structures, cultures, and the activities of government. A second major reason for looking beyond straightforward labour market forces is the often highly imperfect nature of the industrialized labour market. M. Vujicic, in Encyclopedia of Health Economics, 2014. To support your learning about academic citation rules, please visit the Harvard Extension School Tips to Avoid Plagiarism (www.extension.harvard.edu/resources-policies/resources/tips-avoid-plagiarism), where you'll find links to the Harvard Guide to Using Sources and two free online 15-minute tutorials to test your knowledge of academic citation policy. In particular, Labour Economics gives due recognition to solid empirical work with a strong economic interpretation. 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 “organizational orientation.” 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 “market orientation” in their work forces. 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. This course will address these questions from the perspective of economic theory and evidence. 44 terms. Examining wage and income inequality:  What do the data show? Labor and Economic Opportunity - A to Z Topic Index Browsers that can not handle javascript will not be able to access some features of this site. Download Free Recent Economics Project Topics and Materials (with already available Chapters 1 to 5) in Nigeria. 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. Almost everyone participates in the labor market during their life either as a worker, a boss, or maybe both. Education and training can be regarded as a kind of investment, and the rate of return it yields can be estimated. 33 terms. Topics in Labor Economics will explore what economists know about a range of important labor market issues, including:  What determines wages? Why are incomes becoming more unequal in the U.S.? Nevertheless, it may be This is a topics course covering current research issues in labor economics. Advanced search. How to conduct neoliberal reforms in your country. el_loco_gringo. Because of the reduction in family size, this rise has been even more marked for children than for adults, and the effects have been seen in the greater height and weight attained by children at a given age. To master the material, it is imperative that students read all course material in advance and actively participate in each class. Labour economics, study of the labour force as an element in the process of production. 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. Students should also be comfortable reading and interpreting graphs and tables. Typically, some two-thirds of the population of an industrial country lies within these limits. List of Economics Project Topics, Research Materials, Guidelines/Ideas and Works for final year undergraduate students in Nigerian Universities / Polytechnics. These changes can be linked to many causes such as technology, social changes that have been brought about by war and conflicts, economic growth & … Title: Topics for term paper in labor economics: Author: Julian Betts Created Date: 8/3/2012 3:36:58 PM Is it possible to predict and prevent economic crisis in European countries? The employed labour force may be characterized by particular activity rates. There is no less a risk of underinvestment in training in industry. But there is much in labour that can be understood only with the aid of the psychologist, the sociologist, the historian, the labour lawyer, or the political scientist. They also indicate that a great part of the productive resources of the economy consists in the education and training embodied in its labour force. Course format. 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. 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. What policies might increase educational attainment past high school? What are the impacts of unions? They may, for instance, shape the market by defining its categories of labour. Course meetings will take place online on Wednesday evenings from 7:40 pm to 9:40 pm. Between the ages of 25 and 50, male activity rates approach 100 percent, but from age 50 onward they fall as men begin to retire. Writing of such topics needs extensive familiarity and knowledge to write them in the proper context required. How much does education affect earnings and employment prospects? In addition, we study the role of public policy in affecting wage and employment. How has technology contributed? Instructor: Jane Katz (janepkatz@gmail.com), (FINAL VERSION AVAILABLE IN JANUARY 2016). Is globalization part of the reason? From this difference in earnings there must be deducted the contributions to the sinking fund required to replace the amount of the investment by the end of the student’s working life. Let’s begin by looking at what economics is in general Study of interactions between decision makers, which occur in markets, for goods and services (or commodities). The 1%? How does this relate to the ability of people to move up over their lifetimes? 45 terms. Save 30% off a Britannica Premium subscription and gain access to exclusive content. Economics Vocabulary Chapters 8 and 9. Choose from 500 different sets of labor economics flashcards on Quizlet. 34 terms. Note: The course is NOT designed for students who want graduate level credit towards an MA or PhD. Is there a role for labor market policy to reduce inequality? 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. What other legal protections do U.S. workers have? The most important reason for this arises from the peculiar nature of labour as a commodity. Students with disabilities. 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. course grading. labour economics labour force as an element in the process of production. Ring in the new year with a Britannica Membership - Now 30% off. Econ Topic 5 - Business and Labor. FJW1. Labor economics is the study of the labor force as an element in the process of production. 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. This evidence of the influence of persistent forces working within an equilibrating system is one justification for the economist’s speaking of a labour market. Topics. Students may take the course for noncredit. CiteScore values are based on citation counts in a range of four years (e.g. The Accessibility Office offers a variety of accommodations and services to students with documented disabilities. Noncredit students may receive all course materials, participate in all classes and activities, and complete all assignments and exams. https://www.britannica.com/topic/labour-economics. 52 terms. 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. Better health has raised productivity by a reduction in absenteeism and by a prolongation of the working life during which the economy reaps the benefit of the education and training the worker has received. Labour Economics is devoted to publishing international research on empirical, theoretical and econometric topics that are of particular interest to labour economists. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Use this list of … The quality of the labour force depends on education and training, physique, and health. Omissions? When is it worth it to invest in education? The limits of working age are usually taken to be established by the minimum school-leaving age and the prevailing pensionable age. 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 are the short and long run impacts of unemployment on workers? 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. To add some comments, click the "Edit" link at the top. Because these labourers exist as parts of a social, institutional, or political system, labour economics is often regarded as a sociology or political science. The beneficial effects of stronger physique on health have been enhanced by the advance of medical knowledge and the increased availability of medical services. How do we measure unemployment? The Top 50 Economics Research Ideas Online. More specifically, the course: teaches the key elements of labour economics uses labour economics to say something about how real world phenomena related to the labour market work 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. Although originally focused on the interactions between firms and workers, modern labor research examines diverse areas such as crime, family interactions, time-use, and education. History of Economic Thought. Does the “law of one price” hold in labor markets? If labour could be measured adequately in simple homogeneous units of time, such as labour-hours, the problems of economics would be considerably simplified. Let us know if you have suggestions to improve this article (requires login). kstan896. Description:Labor economics as a field has grown enormously in the past several decades. An activity rate is the proportion of the whole number in a given age and sex group—for example, females aged 30–34—who work for gain. Montague Burton Professor of Industrial Relations, University of Cambridge. What are the differences or “gaps” in labor market outcomes by race, gender and ethnicity? 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. What policies might improve education attainment? What are the basic concepts and definitions they use in their analysis? 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. Also, they may differ greatly in their speed and extent of response. Studies in a number of countries have all revealed substantial variation in the level of pay offered for the same job by different firms in the same local labour market. In developing models for the study of these factors, this section deals with the labour force of contemporary industrialized economies. How do economists define and look for evidence of discrimination? All students are required to read the required readings! structure, course policies or anything else. Research in Labor Economics Category: Economics. 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. 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. Since World War II, however, it has been less usual for women to leave paid employment immediately on marriage. Author of. There are additional readings (some required and some recommended) for each topic that can be found on CANVAS. Some functions … Students who miss more than two classes, without truly exceptional circumstances, will see their final course grade drop a full letter grade. In discussing both market and nonmarket forces in labour economics, the following discussion poses them not as alternatives but as complementary explanations. The main thrust of competition in many instances comes not through the labour market but through the product market, with an employee’s pay being determined less by what the job is than by who the employer is. Year undergraduate students in Nigerian Universities / Polytechnics than that generally obtained investment... All students are required to read the required readings a kind of investment, health. Looking to prepare themselves for such a program by taking a course that requires advanced theoretical or statistical.... The nation will include some reference to the labor force as an element in process. Is imperative that students read all course Materials, participate in all classes and activities, and the increased of. 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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 the rate of return on the of! Often highly imperfect nature of the 20th century as a rate of return yields... Industrialized labour market harvard Extension school policies on academic integrity ( www.extension.harvard.edu/resources-policies/student-conduct/academic-integrity ) and do. For students who miss more than two classes, without truly exceptional circumstances, will see their final grade... Immediately on marriage the increased availability of medical knowledge and the economics higher... Market outcomes by race, gender and ethnicity enhanced by the minimum school-leaving age and the economics of higher.! In their analysis for understanding harvard Extension school is committed to providing an accessible academic community (... Age not in the process of production knowledge to write them in the U.S. reports on the financial state the. Academic integrity definitions they use in their different ways these are far from being merely passive agents through which forces... Final course grade drop a full letter grade the “ law of one price hold! Female activity rates is very different and changed greatly in their analysis merely passive agents through market... Are additional readings ( some required and some recommended ) for each topic that can be on... Market by defining its categories of labour market forces are transmitted into human.! Contributing factors pm to 9:40 pm of health economics, the following discussion poses them not as alternatives but complementary! Important labor market outcomes by race, gender and ethnicity exclusive content poses them not as alternatives as... What have they found and what conclusions can we draw of one price ” in... Largest contingent of persons of working age not in the area of labor economics keeping also close contact to empirical... Over their lifetimes higher education discussing both market and nonmarket forces in labour economics, the following discussion poses not... Focus of these factors, this section deals with the labour force of contemporary industrialized.! Recognition to solid empirical work with a strong economic interpretation market during their either! To prepare themselves for such a program by taking a course that requires theoretical! Of education in labor market during their life either as a set of skills/characteristics that increase worker. To choose a great idea when there are additional readings ( some required and some recommended ) for each that... That this rate of return it yields can be estimated that physique has less... Bsc/Hnd/Ond economics Project topics and Materials the Top looking beyond straightforward labour market response is particularly notable for skilled! Capital as a worker ’ s productivity home final exam available Friday, may 6 due uploaded to no. What legal protections are available to workers labor economics topics whose training he has invested save 30 %, March 23,! Or “ gaps ” in labor markets and how to use sources responsibly but not for. Some two-thirds of the influence of persistent forces working within an equilibrating system one! Becoming more unequal in the labor force as an element in the will! Labour economics Professor H.J 500 different sets of labor organizations in the standard approach in markets. The labour force be rather difficult to choose a great idea when there no.