Universität Wien

390003 SE PhD-E: Search and Matching Models of the Labor Market Allocation (2012W)

4.00 ECTS (2.00 SWS), SPL 39 - Doktoratsstudium Wirtschaftswissenschaften
Continuous assessment of course work
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 24 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Tuesday 02.10. 14:30 - 16:00 (Seminarraum 1 Hohenstaufengasse 9 1.Stock)
  • Wednesday 03.10. 09:00 - 11:00 (Seminarraum 1 Hohenstaufengasse 9 1.Stock)
  • Wednesday 03.10. 16:00 - 18:00 (Seminarraum 1 Hohenstaufengasse 9 1.Stock)
  • Thursday 04.10. 11:00 - 14:00 (Seminarraum 1 Hohenstaufengasse 9 1.Stock)
  • Friday 05.10. 14:30 - 17:30 (Seminarraum 1 Hohenstaufengasse 9 1.Stock)
  • Saturday 06.10. 10:00 - 13:00 (Seminarraum 1 Hohenstaufengasse 9 1.Stock)
  • Tuesday 09.10. 14:30 - 16:00 (Seminarraum 1 Hohenstaufengasse 9 1.Stock)
  • Wednesday 10.10. 09:00 - 11:00 (Seminarraum 1 Hohenstaufengasse 9 1.Stock)
  • Wednesday 10.10. 16:00 - 18:30 (Seminarraum 1 Hohenstaufengasse 9 1.Stock)

Information

Aims, contents and method of the course

The goal of the course is to integrate theoretical and empirical research on wage and employment determination in a labor market characterized by search friction. Models of labor turnover, job flows, unemployment duration and incidence, unemployment, and job creation and destruction. These topics are all viewed within the context of a general search and matching labor market equilibrium framework. The empirical content will focus on the labor market performance during and after the Great Recession. The course is designed for students of labor and macroeconomics.

Tuesday, 02.10.2012 14.30-16.00,
Lecture 1: Introduction to Job Search Theory
Wednesday, 03.10.2012 09.00-11.00,
Lecture 2: Extensions of the Theory
Wednesday, 03.10.2012 16.00-18.00,
Problem Session
Thursday, 04.10.2012 11.00-14.00,
Lecture 3: Equilibrium Unemployment in the MP Model
Lecture 4: Job Creation and Destruction in the MP Model
Friday, 05.10.2012 14.30-17.30,
Lectures 5: Topics: Matching, Bargaining, and Efficiency
Saturday, 06.10.2012 10.00-13.00,
Lecture 6: Labor Market Fluctuations and the DMP Model
Tuesday, 09.10.2012 14.30-16.00,
Lecture 7: The Great Recession and After
Wednesday, 10.10.2012 09.00-11.00,
Lecture 8: New Keynesian Models with Unemployment
Wednesday, 10.10.2012 16.00-18.30,
Discussion of Sala, Soderstrom, and Trigari

Assessment and permitted materials

Minimum requirements and assessment criteria

Examination topics

Reading list

D.T. Mortensen (1986). "Job Search and Labor Market Analysis" in Ashenfelter and Layard, eds., Handbook of Labor Economics, vol2: 849-920. Amsterdam: Elsevier Science.

D.T. Mortensen and C.A. Pissarides (1994). Mortensen, Dale T., and Christopher A. Pissarides.
1994. "Job Creation and Job Destruction in the Theory of Unemployment." Review of Economic Studies, 61: 397-415.

C.A. Pissarides (2000). Equilibrium Unemployment Theory, MIT Press

R. Rogerson, R. Shimer, and R. Wright (2005). "Search Theoretic Models of the Labor Market: A Survey." Journal of Economic Literature Vol. XLIII: 959-988.

R. Shimer (2005). "Cyclical Behavior of Equilibrium Unemployment and Vacancies,"
The American Economic Review, 95(1): 25-49.

O. Blanchard and J. Gali (2010), "Labor Markets and Monetary Policy: A New Keynesian
Model with Unemployment," American Economic Journal: Macroeconomics 2: 1-30.

R.E.A. Farmer (2012). "Confidence, Crashes, and Animal Spirits," Economic Journal 122:155-172.

L. Sala, U. Soderstrom, and A.Trigari (2012). "Structural and Cyclical Forces in the Labor Market During the Great Recession: Cross-Country Evidence," Working paper.

Association in the course directory

Last modified: Mo 07.09.2020 15:46