JEB053 - Labour Economics

Credit: 5
Status: Bachelors - All
Bachelors - elective
BEF - elective
Semester - summer
Course supervisors: doc. Ing. Vladislav Flek CSc.
PhDr. Martina Mysíková Ph.D.
Course homepage: JEB053
Literature: Compulsory:

Boeri, T., and J. van Ours (2013): The Economics of Imperfect Labor Markets. 2nd printing. Princeton, Princeton University Press.

Ehrenberg, R., and R. Smith (2011). Modern Labor Economics: Theory and Public Policy. 11th Edition. Pearson Education.

Carlin, W. and D. Soskice (1990): Macroeconomics and the Wage Bargain. Oxford: Oxford University Press, 1990.


Flek, V., ed. (2007): Anatomy of the Czech Labour Market: From Over-Employment to Under- Employments in Ten Years? Prague: Karolinum Press. Available also at

Večerník, J., and M. Mysíková (2016): Poverty in the Czech Republic: A Critical Look at EU Indicators. Prague: Institute of Sociology of the Czech Academy of Sciences.
Description: Course Outline:

1. Labour Supply and Demand in Imperfectly Competitive Markets (3 lectures)
- Imperfect competition and micro foundations of modern labour market macroeconomics
- Equilibrium unemployment and the NAIRU
- Other relevant issues (labour market flows and the steady-state unemployment rate, the wage curve, measuring involuntary unemployment)

2. Wage and Employment Determination at the Micro-level (3 lectures)
- Efficiency wages theory
- Trade union monopoly model
- Wage and employment bargaining as a cooperative game (efficient bargains model)

3. Wage Differentials (3 lectures)
- Compensating wage differentials
- Individual characteristics and discrimination
- Other factors (inter-industry, occupational, regional wage differentials)

4. Institutional and Policy Issues (3 lectures)
- Minimum wage
- Active labour market policy
- Income inequality and poverty




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