ECON 422 - The Structure of Labor Markets
Fall 2013, Section 001
Instruction Mode: Section 001 is (see other Sections below)
Subject: Economics (ECON)
Department: LSA Economics
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Waitlist Capacity:
Enforced Prerequisites:
ECON 401 with a grade of at least C-; or Graduate standing.
May not be repeated for credit.
Rackham Information:
Rackham credit requires additional work.
Primary Instructor:


ECON 422 is a course in labor economics whose content varies considerably depending on the interest of the instructor. This semester the course is organized around "personnel economics". Topics that will be covered include:

  • features of the labor contract, and the incentives that these contracts provide to firms as well as to workers;
  • the need for firms to learn about workers (and the incentives this sometimes provides to include workers to "reveal" what they know about themselves);
  • the interplay between productivity and pay over a worker's career;
  • decisions by workers and by firms to initiate and to terminate the employment relationship.

Along the way, we will touch on a number of interesting policy issues:

  • how the financing of unemployment benefits can affect layoffs;
  • stock options for managers and workers;
  • pensions and retirement decisions;
  • providing incentives for public school teachers;
  • recruiting and retention in the military.


ECON 422 - The Structure of Labor Markets
Schedule Listing
001 (LEC)
 In Person
MW 8:30AM - 10:00AM
9/3/13 - 12/11/13

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