This is an archived course. A more recent version may be available at

14.661 Labor Economics I

As taught in: Fall 2006

Bronze sculpture of laborers working.

"Monument to Labor" by sculptor Matthew Placzek, located in Omaha, Nebraska. (Image courtesy of Thom Watson.)




Prof. Jorn-Steffen Pischke

Prof. Joshua Angrist

Course Description

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the interaction of theoretical and empirical modeling and the development of independent research interests.

Technical Requirements

Special software is required to use some of the files in this course: .do.