14.662 Labor Economics II, Spring 2007
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14-662-spring-2007/contents/index.htm
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Author(s) •
Pischke, Jorn-Steffen
Piore, Michael
Alternative Title
Labor Economics II
Date Issued
June 2007
Abstract
This is the second of a two-part sequence of courses in labor economics. The course sequence is also open to qualified students in related fields and classes may be taken individually or out of sequence. This part of the sequence is principally concerned with issues relating to the determinants of the wage and salary distribution. The first half is organized around topics in wage determination, which are of particular interest for current research and policy and culminates with a focus on recent debates about the increasing dispersion of wage and salary income. The second half of the course is focused on labor market institutions and technological changes, and relates the debate about the income distribution to other major changes in the structure and texture of advanced industrial societies which have accompanied the widening dispersion of income. The emphasis is on the United States and other advanced industrial countries, with some discussion of the relevance of the theory and analysis to developing economies.
Subjects
labor
economics
trade unions
wage differentials
international trade
wage and salary distribution
wage determination
increasing dispersion of wage and salary income
labor market institutions
technological changes
income distribution
United States and other advanced industrial countries
moral hazard and agency
Static single agent models
Intrinsic motivation
Multiple tasks
Multiple agents
Dynamic agency
Efficiency wages
Employer Wage Differentials
Industry and firm size differentials
Compensating differentials
Discrimination and Differentials by Race and Gender
Changes in the Wage Structure and Inequality
Worker Motivation and Behavior
Social Dimensions of the Labor Force
Social class
Social capital
Immigration
Quasi-unions in the New Labor Market
Labor market regulations in a global economy
MIT Department
Massachusetts Institute of Technology. Department of Economics
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