SILABUSEKONOMIKETENAGAKERJAAN

(11052014)
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):
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.)
Modern Labor Economics, by R.G. Ehrenberg dan R.S. Smith, 2011. New York: Prentice
Hall, 11th edition.
The Economics of Labor by E.H. Phelps Brown, New Haven: Yale University Press. (1st
edition)

1.
2.
3.

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 sectors
2:

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
1

 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 per
kelompok (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
2

 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 Industry
6:

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 Applications

Ujian 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
3

*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 Function

13:

Wage Structure (Chapter 7of Borjas)

Presentation: 2 groups
Discussions on:
Earnings Distribution
Measuring Inequality
Wage Structure: Basic Facts
4

 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 Nurture
14:

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)
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