Description

The course is focused on wages, worker mobility and allocation, and job creation in frictional labor markets with worker and firm heterogeneity. Topics include measurement of wage and mobility determinants in matched employer-employee data, with a particular focus on the Danish data. The empirical results are interpreted in the context of frictional labor market models; random and directed search.

Rasmus Lentz received his Ph.D. from the Northwestern University in 2002. He is currently the Richard A. and Susan B. Strait Professor at the University of Wisconsin-Madison. He is an associate editor with Review of Economic Dynamics. His research focuses on labor markets with search frictions and especially how heterogeneity of workers and firms interact.

The course is scheduled to run over 5 days with 12 90-minute lectures. In addition there are problem sets and a take home final. The course grade is based on in class participation, problem sets, and the final. The problem sets and the final involve practical model solving and estimation using numerical methods. 2 of the lectures are labs that are concerned with numerical methods and implementation. Suggested coding languages are Julia and Fortran.

Learning goals

• The students should be able to understand and interpret labor market models with search frictions.
• The students should be able to explain how inference and estimation works in labor market models with search frictions.
• The students should be able to estimate simple versions of the presented models.

The course is equivalent to 5 ECTS. For PhD students at AU (ECON), this course has been pre-approved as an internal BSS PhD course.

> course description and lecture schedule

Catering

Coffee will be available outside H210 in building 2627 during the course. Lunch will be served in room S514/515 in building 2610. 

A course dinner will be held on 24 May at 18:30 at Restaurant Kiin Kiin, Vestergade 47, 8000 Aarhus C.

Registration

Registration no later than 1 May 2023: https://events.au.dk/allocationwages

The course is free of charge for:

1. DGPE members from AU, KU, CBS, AAU and SDU.
2. PhD students from Economics Departments at Nordic universities outside Denmark.

For other participants, the course fee is EUR 400.

See other DGPE courses here: https://econ.au.dk/talent-development/phd-programme/phdcourses/dgpe-courses

Contact

Academic: Rune Majlund Vejlin, rvejlin@econ.au.dk
Administrative: Susanne Christensen, sch@econ.au.dk