312214 Praktische Übung "Labour Econometrics" (Ü) (SoSe 2024)

In the process of this course students will become familiar with a number of selected topics in labour economics. These topics include the theory of human capital and returns to schooling, discrimination of minorities, the role of social networks in the labour market, integenerational schooling mobility as well as immigration and the channels of job search. In particular, the focus of this course is on testing predictions from theoretical models by means of standard econometric techniques. In each of the five large topics emphasized above students will study the benchmark labour market model and analyze the set of corresponding model predictions. These theoretical hypotheses will then be confronted with the empirical data for Germany, which is a subset of variables from the German Socio-Economic Panel. Empirical analysis will follow the lines of standard econometric techniques, including a multivariate linear regression model, hypothesis testing, interaction terms, the Blinder-Oaxaca decomposition as well as ordered probit and multinomial logit models. More information about the course is provided in the Syllabus (posted in the Lernraum)