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| Semester | Frühjahrsemester 2013 |
| Angebotsmuster | einmalig |
| Dozierende |
George Sheldon (george.sheldon@unibas.ch)
Oliver Sigrist (oliver.sigrist@unibas.ch, BeurteilerIn) |
| Inhalt | Content: According to many surveys, unemployment is a top-ranking concern of many people – not only since the financial and sovereign debt crisis. Thus, trying to understand the functioning of labor markets is of vital interest. To do this, we utilize job search and matching theory, which has been dominant in macroeconomic research on labor markets for many years now. This theory, which puts search frictions between an unemployed worker and a firm with an unfilled vacancy at its center, helps us to think about questions on unemployment as a general equilibrium phenomenon. In this workshop however, we do not only want to understand the theoretical framework. Rather, the focus lies on the empirical evaluation of the job search and matching model. On the one hand, we ask the question whether (or how) the model is able to replicate observed volatilities in vacancies and unemployment. For this purpose, we mainly discuss ‘applied macro’ and empirical papers. On the other hand, we confront the theory with empirical observations and discuss its use. In this context, alternative approaches can be discussed. |
| Literatur | Mandatory and optional readings: - Pissarides, Chrishopher A. (2000). Equilibrium Unemployment Theory, The MIT Press, Cambridge, Massachusetts. - Lectures 1,2 and 3 (up to slide 12) of last year’s lecture Equilibrium Unemployment Theory recommended). - An introduction to dynamic programming, taken from the Monetary Theory lecture website. - The New Palgrave Dictionary of Economics offers a short introduction to the idea of a model calibration. Before students go into the specific job search and matching literature, they are required to study chapter 1, especially subsections 1.1 to 1.5, of C. Pissarides’ book “Equilibrium Unemployment Theory”. Last year’s slides of the lecture Equilibrium Unemployment Theory complement the book. It is highly recommended that parallel to the book, students also study lectures 1, 2, and 3 (up to slide 12). |
| Weblink | Weblink |
| Teilnahmebedingungen | Participation Requirement: Attendance of 'Fortgeschrittene Arbeitsmarktökonomie' during this or one of the past semesters |
| Anmeldung zur Lehrveranstaltung | Application: Register in MOnA and Email to oliver.sigrist@unibas.ch (deadline 15/3/13); Eucor students and exchange students contact the Registrar's Office at the Kollegiengebäude within the registration period. Registration = Enrollment for exam. |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| Intervall | Wochentag | Zeit | Raum |
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Keine Einzeltermine verfügbar, bitte informieren Sie sich direkt bei den Dozierenden.
| Module |
Vertiefungsmodul Labour Economics, Human Resources and Organization (Master Wirtschaftswissenschaften) |
| Leistungsüberprüfung | Seminarleistung |
| Hinweise zur Leistungsüberprüfung | Organization: This workshop consists of two parts. In the first part, students will present a paper based on job search and matching theory. In the second part, students will write a scientific comment of about six pages. For more information, see section 'Presentation & Scientific Comment'. The presentations will be organized in a block seminar in the first half of the semester. The scientific comments will have to be handed in by the end of the lecture period. The presentation can be done in groups of maximum two people. The comment, however, has to be written alone. The final grade is made up by the presentation and the comment. Both the presentation and the comment can be done either in German or in English. |
| An-/Abmeldung zur Leistungsüberprüfung | Anmeldung: Belegen |
| Wiederholungsprüfung | keine Wiederholungsprüfung |
| Skala | 1-6 0,1 |
| Wiederholtes Belegen | nicht wiederholbar |
| Zuständige Fakultät | Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch |
| Anbietende Organisationseinheit | Abteilung Wirtschaftstheorie |