This learning unit is not being organized during year 2020-2021.
At the end of this learning unit, the student is able to :
At the end of this module, the student will have acquired an understanding of the economic mechanisms that sustain the information sector.
- The Hellerstein Neumark (HN) Labour Aggregate Index and marginal labour productivity
- Accounting for varying degrees of substitutability and their consequences for marginal productivity
- Labour heterogenity and TFP
- Beyond labour heterogeneity, the impact of diversity on productivity
- Combining production and labour cost function analysis to assess the degree of alignment of earnings profiles on productivity profiles; plus the economic interpretation of (mis)alignment
- Unobserved heterogeneity: firm and individual heterogeneity and the use of three/two-way error-components models
- Tackling endogeneity/simultaneity bias using system-GMM (Blundell & Bond, 1998) or proxy-based structural approaches (Olley and Pakes, 1996; Levinsohn and Petrin; 2003)
This section will illustrate how the above framework can be used to address a large range of issues at the intersection of labour-, personnel-, industrial- or even growth economics. They comprise the barriers to employment faced by older individuals or low-educated individuals, the impact of labour diversity on productivity, gender wage discrimination, the productivity
gains/losses of resorting to part-time work, the firm-level relationship between human capital, productivity and wages, the role of the distance-to-efficiency frontier in determining the productivity of educated workers, or the contribution of changing labour force characteristics on TFP growth.
4) Assignment: short written exam + redaction of an essay addressing a labour market (or related) issue, using the laid out theoretical/methodological framework, applied to micro data (provided by the instructor).
Due to the COVID-19 crisis, the information in this section is particularly likely to change.assessment of the essay