Course Announcement
Phd Course on 'Wage Dispersion, Firm Productivity Differences, and Labor Reallocation'

October 7-11, 2013, Sandbjerg Manor, Aarhus University

LECTURERS: Prof. Dale T Mortensen, Northwestern University and Ass. Prof. Rasmus Lentz, University of Wisconsin

COURSE DESCRIPTION: The course is equivalent to 5 ECTS points. Fee: 2000 DKK - the fee covers all lodging and meals during the course. Contact Kirsten Stentoft, kstentoft@econ.au.dk for further information.

The goal of the course is to integrate theoretical and empirical research on wage and employment determination in a labor market characterized by search friction. Models of labor turnover, job flows, sorting, reallocation, and wage dispersion are developed and studied. These topics are all viewed within the context of a general search and matching labor market equilibrium framework.

Search Theories of Wage Dispersion and Worker Flows
(Mortensen Wage Dispersion: Why are similar people paid differently?, Cambridge: MIT Press)
1. Postel-Vinay, R., J-M Robin (2002), "Equilibrium Wage Dispersion with Worker and Employer Heterogeneity," Econometrica 70(6): 2295-2350
2. Christensen, B.J., R. Lentz, D.T. Mortensen, G. Neumann, and A. Werwatz (2005), "On the Job Search and the Wage Distribution," Journal of Labor Economics 23(1): 31-58
3. Jolivet, G., F. Postel-Vinay, and J-M Robin (2006), "The empirical content of the job search model: Labor mobility and wage distributions in Europe and the US," European Economic Review 50: 877-907

Dynamic Equilibrium Models
1. Menzio, G., and S. Shi (2011), "Efficient Search on the Job and the Business Cycle," Journal of Political Economy: 119 (3), 468-510
2. Robin, J-M (2011), "On the Dynamics of Unemployment and Wage Distributions," Econometrica: 79 (5), 1327-1355
3. Moscarini, G., and F. Postel-Vinay, "Stochastic Search Equilibrium", working paper (Sept. 2012)
4. Coles, M., and D.T. Mortensen, "Equilibrium Labor Turnover, Firm Growth and Unemployment," working paper (March, 2012)

Identification of sorting in the labor Market
1. Becker (1974)
2. Shimer and Smith (2002)
3. Abowd, Kramarz and Margolis (1999)
4. Eeckhout and Kircher (2009)
5. Bagger and Lentz (2009), Lise, Meghir, and Robin (2009), Lopes de Melo (2009), Hagedorn and Manovski (2012), etc.

Firm Dynamics and Reallocation
1. Lucas and Prescott
2. Klette and Kortum (2004)
3. Lentz and Mortensen (2008)
4. Melitz, Eaton, Kortum, and Kramarz

REGISTRATION: https://auws.au.dk/httpswebshopdpudkPhd_course_Wage_Dispersion

Deadline for registration: September 15, 2013

FURTHER INFORMATION: For the full program and further information go to: http:/www.econ.au.dk/cap