January 13, 2021: Lecture I, Part 2

1. The Rate of Return to Schooling: The Mincer Equation and Beyond
2. Rate of Return Continuation Values and Option Values in a Simple Dynamic Model,  Eisenhauer, Heckman and Mosso (2015).

January 20, 2021, Lecture II, Part 1

1. Role of Skills and Skill Prices in Explaining Inequality
2. Role of Taxes and Transfers in Post Tax-Transfer Outcomes
3. Social Mobility within and between Generations
4. Inequality in Health
5. Poverty in the United States, Meyer (2020)
6. The Rate of Return to Schooling: The Mincer Equation and Beyond
7. Rate of Return Continuation Values and Option Values in a Simple Dynamic Model by Eisenhauer, Heckman and Mosso (2015).
8. Two Interpretations of the Mincer Equation: Learning-by-doing vs. On-the-job Training by Heckman, Lochner, and Cossa (2003)
9. Skills and Tasks in the Labor Market
10. Notes on “A Theory of Job Shopping”, by Johnson
11. The Career Decisions of Young Men
12. Gittins Index, Pandora’s Box, and Miller’s Model of Learning and Labor Market Turnover
    1. EXCERPT: Gittins Index, Pandora’s Box, and Miller’s Model of Learning and Labor Market Turnover

January 27, 2021, Lecture III

1. Review:  Rate of Return Continuation Values and Option Values in a Simple Dynamic Model, Eisenhauer, Heckman and Mosso, 2015
2. Notes on Identification of the Roy Model and the Generalized Roy Model
3. Two Interpretations of the Mincer Equation: Learning-by-doing vs. On-the-job Training by Heckman, Lochner, and Cossa (2003)
4. Efficiency Units, Elementary Hedonic Models (Gorman and Lancaster) With and Without Bundling Restrictions
5. Skills and Tasks in the Labor Market
6. Preferences, Personality Psychology, and Economics: Some New Results
7. Notes on “Differential Rents and the Distribution of Earnings”   by Sattinger (1979)
8. The Race Between Demand and Supply: Tinbergen’s Pioneering Studies of Earnings Inequality
9. Skills vs. Tasks: A Task Approach by Zhou (2019)
10. The Career Decisions of Young Men by Keane and Wolpin (1997)
11. Tasks and Heterogeneous Human Capital  by Yamaguchi (2012)
12. Notes on “A Theory of Job Shopping” by Johnson (1978)

Supplemental Slides

• A Dynamic Model of Personality, Schooling, and Occupational Choice by Todd and Zhang

Student Presentation

• Explaining Inequality: The Role of Skills and Tasks , William Chiu, Victor Mylonas, and Paul Zaporzan

February 3, 2021, Lecture IV, Part I

1. Student Presentation, Continued: Explaining Inequality: The Role of Skills and Tasks, William Chiu, Victor Mylonas, and Paul Zaporzan
2. Skills vs. Tasks: A Task Approach by Zhou (2019)
3. Efficiency Units, Elementary Hedonic Models (Gorman and Lancaster) With and Without Bundling Restrictions
4. Notes on “Assignment Problems and the Location of Economic Activities”  by Koopmans and Beckmann
5. Notes on “Differential Rents and the Distribution of Earnings”   by Sattinger (1979)
6. The Race Between Demand and Supply: Tinbergen’s Pioneering Studies of Earnings Inequality
7. Preferences, Personality Psychology, and Economics: Some New Results
8. Extract: Notes on Policies to Reward the Value Added by Educators by Cawley, Heckman, and Vytlacil (1999)
9. Notes on “A Theory of Job Shopping” by Johnson (1978)
10. The Career Decisions of Young Men by Keane and Wolpin (1997)
11. Tasks and Heterogeneous Human Capital  by Yamaguchi (2012)

February 3, 2021, Lecture IV, Part II

1. Continuous Versus Episodic Change: The Impact of Civil Rights Policy on the Economic Status of Blacks, Donohue and Heckman (1991)
2. Understanding Black White Wage Differentials, 1960-1990 by Heckman, Lyons and Todd (2000).
3. Black-White Inequality by  Neal (2020)
4. The American Family in Black & White: A Post-Racial Strategy for Improving Skills to Promote Equality  by Heckman, 2011
5. Race and Gender in the Labor Market: Extract  by Altonji and Blank (1999)

Student Presentation

• Wage Gaps and Discrimination: An Overview of Selected Literature, Tanya Rajan, George Vojta, and Oscar Volpe

February 10, 2021, Lecture V

1. Continuous Versus Episodic Change: The Impact of Civil Rights Policy on the Economic Status of Blacks, Donohue and Heckman (1991)
2. Black-White Inequality by  Neal (2020)
3. The American Family in Black & White: A Post-Racial Strategy for Improving Skills to Promote Equality  by Heckman, 2011
4. Preferences, Personality Psychology, and Economics: Some New Results
5. Rate of Return Continuation Values and Option Values in a Simple Dynamic Model,  Eisenhauer, Heckman and Mosso (2015).
6. Extract: Notes on Policies to Reward the Value Added by Educators by Cawley, Heckman, and Vytlacil (1999)
7. Efficiency Units, Elementary Hedonic Models (Gorman and Lancaster) With and Without Bundling Restrictions
8. Notes on “Assignment Problems and the Location of Economic Activities”  by Koopmans and Beckmann
9. Notes on “Differential Rents and the Distribution of Earnings”   by Sattinger (1979)
10. The Race Between Demand and Supply: Tinbergen’s Pioneering Studies of Earnings Inequality
11. Notes on “A Theory of Job Shopping” by Johnson (1978)
12. Tasks and Heterogeneous Human Capital  by Yamaguchi (2012)
13. The Career Decisions of Young Men by Keane and Wolpin (1997)
14. It’s Not Just Monopoly and Monopsony  by Bivens, Mishel, and Schmitt  (2018)

Student Presentation

• The Role of Firms in the Labor Market, Fern Ramoutar, Jordan Rosenthal-Kay, and Yixin Sun

Supplemental Slides

• Theory and Evidence on Employer Collusion in the Franchise Sector   by Krueger and Ashenfelter (2018)
• Robots and Jobs: Evidence from US Labor Markets by Acemoglu and Restrepo (2020)

February 17, 2021, Lecture VI

1. Preferences, Personality Psychology, and Economics: Some New Results
2. Efficiency Units, Elementary Hedonic Models (Gorman and Lancaster) With and Without Bundling Restrictions
3. Notes on “Assignment Problems and the Location of Economic Activities”  by Koopmans and Beckmann
4. Notes on “Differential Rents and the Distribution of Earnings”   by Sattinger (1979)
5. The Race Between Demand and Supply: Tinbergen’s Pioneering Studies of Earnings Inequality
6. Tasks and Heterogeneous Human Capital by Yamaguchi. (2012)
7. The Career Decisions of Young Men by Keane and Wolpin (1997)
8. The Role of Labor and Marriage Markets, Preference Heterogeneity, and the Welfare System in the Life Cycle Decisions of Black, Hispanic, and White Women by Keane and Wolpin 2010
9. Income Processes/Shocks, Market Structure, and Information by Lise
10. Separating Heterogeneity from Uncertainty
11. RIP to HIP: The Data Reject Heterogeneous Labor Income Profiles by Hryshko (2009)
12. Modeling the Income Process (Extract from “Earnings, Consumption and Lifecycle Choices” by Meghir and Pistaferri)

Student Presentations

• Continued: The Role of Firms in the Labor Market, Fern Ramoutar, Jordan Rosenthal-Kay, and Yixin Sun

February 24, 2021, Lecture VII

Student Presentation

• Summary of Memo on (Task) Complexity Measurement, William Chiu, Victor Mylonas, and Paul Zaporzan

Part 1

1. Notes on “Assignment Problems and the Location of Economic Activities”  by Koopmans and Beckmann
2. Notes on “Differential Rents and the Distribution of Earnings”   by Sattinger (1979)
3. The Race Between Demand and Supply: Tinbergen’s Pioneering Studies of Earnings Inequality

Student Presentation

• Neighborhood and Peer Effects, Colin Aitken, Fernando Garcia, and Camilla Schneier

Part 2

1. Income Volatility and the PSID: Past Research and New Results, Moffitt and Zhang (2018)
2. Separating Heterogeneity from Uncertainty
3. Income Processes/Shocks, Market Structure, and Information by Lise
4. RIP to HIP: The Data Reject Heterogeneous Labor Income Profiles by Hryshko (2009)
5. Modeling the Income Process (Extract from “Earnings, Consumption and Lifecycle Choices” by Meghir and Pistaferri)
6. Tasks and Heterogeneous Human Capital by Yamaguchi. (2012)
7. The Career Decisions of Young Men by Keane and Wolpin (1997)

March 3, 2021, Lecture VIII

Guest Presentation

• Research on Parental Beliefs, Flávio Cunha, Department of Economics and Texas Policy Lab, Rice University

Slides

1. The Implications of Dynamic Complementarity for Investments across Children with Different Initial Endowments
2. Observational Learning and Parental Influence, Saez (2020)
3. The Economics of Human Development and Social Mobility
4. Six Facts: The Technology of Skill Formation

March 10, 2021, Lecture IX

Guest Presentation

• Lifecycle Residential Mobility and the Intergenerational Persistence of Economic Status, Sadegh Eshaghnia

Student Presentation

• Family Influence: Skill Formation and Investment Decisions, Ari Anisfeld, José Miguel Pascual, and Yalun Su

Slides

1. The Implications of Dynamic Complementarity for Investments across Children with Different Initial Endowments
2. Observational Learning and Parental Influence, Saez (2020)

Student Presentation

• Life Cycle Earnings Dynamics, Alexandre Simoes, Samuel Higbee and Sidharth Sah

Slides