University of Kent

Description

This module focuses mainly on earnings and their determinants. It examines the distribution of earnings, the decisions to invest in education and training, and the role that education and skills play in determining earnings. Institutional explanations for observed differences in earnings are also discussed, including the role of trade unions. There will be an analysis of key policies in the domain of education and the labour market. Throughout the module, theoretical issues, empirical evidence and questions of policy are integrated, drawing on research coverning a range of industrialised countries.

Learning outcomes

On completion of this module you will

• have knowledge of the distribution and pattern of earnings in a wide range of OECD countries
• understand how economists have explained earnings differentials
• be able to appraise the theoretical and empirical literature on competitive and non-competitive models of wage determination
• understand the debate on the importance of schooling and training and their financing
• comprehend the complex nature of skill formation and 'competences' which can have an important impact on earnings profiles
• have improved problem solving skills, using appropriate theoretical concepts and information
• have developed verbal and written communication skills

Reading list

Preliminary Reading:

D. Sapsford & Z. Tzannatos, The Economics of the Labour Market, MacMillan, 1993.
G. Borias, Labour Economics, (2nd edn.), McGraw-Hill, 2003

Factsheet

Credits	15 [7.5 ECTS]
Level	Honours
Term	(Stage 3) Spring
Availability	NOT AVAILABLE 2008/2009
Exclusion
Pre-requisites	EC500 Microeconomics (or EC528 Business Economics) and EC502 Macroeconomics
Assessment	20% coursework, consisting of one class test and one 1500 word essay 80% written examination of 2 hours duration
Contact hours	12 lectures and 6 seminars