SILABUS EKONOMI KETENAGAKERJAAN(11-05-2014)Buku Wajib:

Labor Economics, by George J. Borjas, Fifth Edition, 2010, Singapore: McGraw-Hill International Edition. Karena ini program D4 maka tidak semua isi buku Borjas akan dibahas, dan tidak semua bab, hanya bab 1, 2, 3, 4, 6, 7, 8, dan 12.Buku Tambahan (antara lain):

1. The Economics of Work and Pay by Albert Rees, New York: Harper & Row Publ. 1st edition, 1973. (The Economics of Work and Pay, 6th edition, 1997, by R.K. Filer, D.S. Hamermesh dan A.E. Rees diterbitkan oleh Harpercollins.)

2. Modern Labor Economics, by R.G. Ehrenberg dan R.S. Smith, 2011. New York: Prentice Hall, 11th edition.

3. The Economics of Labor by E.H. Phelps Brown, New Haven: Yale University Press. (1st edition) Pertemuan:1: Introduction (From various materials) Economic Growth, Poverty, Inequality, and Unemployment Concepts of economic growth, poverty, inequality, and unemployment

Relations among these four development indicators

Review of Some Basic Concepts of Labor Force, e.g.: working-age and non-working age population

economically active (labor force) population (employed and unemployed) and economically inactive population labor-force participation rate employment and unemployment rates

employment status and hours of work

hidden and part-time employment

economic sectors and formal and informal sectors2: Labor Economics and Labor Supply (1) (Chapters 1 and 2 of Borjas) Introduction to Labor Economics:

why is labor economics a separate branch of economics

labor market and an economic story of the labor market

actors in labor market

the need for theory for understanding a labor market Labor Supply (1) Basic Facts about Labor Supply Labor Force Participation Rate

Work Hours Workers Preference Utility and Indifference Curves

The Slope of an Indifference Curve

Differences in Preferences across Workers

3: Labor Supply (2) (Chapter 2 of Borjas) Labor Supply (2) The Budget Constraint

The Hours of Work Decision What Happens to Hours of Work When Nonlabor Income Changes?

What Happens to Hours of Work When the Wage Changes? To Work or Not to Work? Reservation Wage

4: Labor Supply (3) (Chapter 2 of Borjas)

Labor Supply (3)

The Labor Supply Curve

Estimates of Labor Supply Elasticity

Labor Supply of Women

Fertility How many children should the household have?

How do income and prices influence the households fertility?

Does fertility really respond to economic variables?Mulai pertemuan 5 s/d 14 akan diisi juga dengan presentasi oleh mahasiswa perkelompok (2 mahasiswa per kelompok) berhubungan dengan topik berikut (mulai dari Labor Demand) dan dilanjutkan dengan kuliah.Untuk presentasi, setiap kelompok bisa (i) membahas bab yang relevan di buku Borjas, atau (ii) membahas suatu artikel yang relevan, atau (iii) membuat makalah yang relevan dengan topik bahasan. Topik lain misalnya adalah; Labor Market Discrimination; Segmented Labor Market; Child Labor; and (Labor) Productivity.

5: Labor Demand (1) (Chapter 3 of Borjas) Presentation: 2 groups

Discussion/Lectures on: The Production Function*Marginal Product* Average Product

*Profit Maximization The Employment Decision in the Short Run* Value of Marginal Product

*Value of Average Product

*How Many Workers Should the Firm Hire?

*Short-Run Labor Demand Curve for a Firm

*The Short-Run Labor Demand Curve in the Industry6: Labor Demand (2) (Chapter 3 of Borjas)

Presentation: 2 groups

Discussions on:

An Alternative Interpretation of the Marginal Productivity Condition

The Employment Decision in the Long Run*Isoquants

*Isocosts

*Cost Minimization

The Long-Run Demand Curve for Labor

*Will the Firm Expands if the Wage Falls?

7. Labor Demand (2) (Chapter 3 of Borjas)

Presentations: 2 groups

Lectures:

The Elasticity of Substitution

Overview of Labor Market Equilibrium

Adjustment Costs and Labor Demand Some Policy ApplicationsUjian Tengah Semester (UTS)

8. Labor Market Equilibrium (Most Parts of Chapter 4 of Borjas)

Presentation: 2 groups

Discussions on: Equilibrium in a Single Competitive Labor Market

Competitive Equilibrium across Labor Markets Convergence of Regional Wage Levels

Issues in convergence hypothesis

9: Labor Market Equilibrium (Most Parts of Chapter 4 of Borjas)Presentations: 2 groups

Lectures:

Policy Applications: Payroll Taxes and Subsidies

*Payroll tax on employers

*Payroll tax on Workers

*Employment subsidies Policy Applications: Labor Market Impact of Migration

*Short-run impact

*Long-run impact

10. Unemployment (Most Parts of Chapter 12 of Borjas)

Presentation: 2 groups

Discussions on:

Types of unemployment

Facts on unemployment

The Steady-State Rate of Unemployment

Job Search

The Sectoral Shifts Hypothesis

Policy Applications: The Phillips Curve Unemployment, growth and poverty

11: Human Capital: Education (1) (Chapter 6 of Borjas)Presentation: 2 groups

Discussions on:

Education in the Labor Market: Some Facts

Concept of Present Value The Schooling Model Potential Earning Streams Faced by a High School Graduate

Present Value of Age-Earnings Profiles

Wage-Schooling Locus

Marginal Rate of Return to Schooling

The Stopping Rule

12: Human Capital: Education (2) (Chapter 6 of Borjas)

Presentation: 2 groups

Discussions on:

Education and Earnings

Differences in the Rate of Discount

Differences in Ability

Estimating the Rate of Return to Schooling

Policy Application: School Construction in Indonesia

Policy Application: School Quality and Earnings

Age-Earnings Profile Implied by Human Capital Theory

The Mincer Earning Function13: Wage Structure (Chapter 7of Borjas)Presentation: 2 groups

Discussions on:

Earnings Distribution Measuring Inequality

Wage Structure: Basic Facts

Policy Application: Why Did Wage Inequality Increase?

Supply shifts

International trade

Skill-Biased Technological Change

Institutional changes in the US Labor Market

Inequality across Generations

Nature versus Nurture14: Labor Mobility (Chapter 8 of Borjas)Presentation: 2 groups

Discussions on:

Geographic Migration as a Human Capital Investment Internal Migration: The Case of the U.S.

The Impact of Region-Specific Variables on Migration

The Impact of Worker Characteristics on Migration

Return and Repeat Migration

Why Is There So Little Migration?

Family Migration

Tied Stayers and Tied Movers

The Decision to Immigrate

Job Turnover and Job Match

Ujian Akhir Semester

Penilaian: UTS (30%), UAS (50%) dan Presentation/Assignment (20%). (AA, 07/07/2014)

------------------------------------------------------------------------------------------------5