Labor Market Analysis


The fourth pillar of the Minnesota Model of HRIR is labor market analysis. Students who specialize in this area study labor markets from both microeconomic and macroeconomic perspectives.


Important topics include:

  • Wage determination
  • Unemployment
  • Impact of public policy programs on labor markets


CoreCourse
PhD students who specialize in this area will take 2 semesters of HRIR 8860, which focuses on academic research.
HRIR 8860
FACULTY

Areasof Study

Academic research in labor markets analyzes a diverse variety of questions and subjects. Historically, the central research topics have included:

  • Job mobility and human capital accumulation
  • Employment and wage consequences of government regulations, such as the minimum wage
  • Compensating wage differentials job search
  • Government program evaluation (especially unemployment insurance and workers' compensation)

Current and recent faculty and PhD student research topics include:

  • Economic consequences of job displacement
  • Career decisions of youths
  • Incentive effects of unemployment
  • Insurance impact of welfare on labor supply
  • Effects of NAFTA on employment and trade

FurtherReading

To become more familiar with the topics currently being studied in this area, we highly recommend that students read articles in the top tier journals in this field:

Journal of Labor Economics
Journal of Human Resources
Labour Economics
Industrial and Labor Review