ECON 781 / Labour Economics I

3 unit(s)

S. Jones, S. Yamaguchi

A survey of basic labour economics. Topics include labour demand, labour supply, and the determination of equilibrium wages in competitive markets. Sources of wage differentials in competitive markets, such as human capital investment and compensating differentials, are examined, as are the effects on labour markets of government policies such as minimum wages, immigration restrictions, occupational health and safety regulations, and subsidies to education.