Economic Ideas and Concepts

Labor

• Shirking model (1)
• Shirking model (2)
• Gift Exchange
• Elasticity of labor supply (1)
• Elasticity of labor supply (2)
• Firm preference for hour reductions over wage reductions
• Workplace amenities
• Lucas model of unemployment
• Lack of wage growth
• Employer learning
• Employee learning
• Employer Learning
• Returns to education
• Nominal wage rigidity
• Distribution of worker ability
• Workplace disamenities

Political Economy / Broad Sweep

• Free riding
• Creative destruction

Behavioral

• Bidding mistakes
• Hyperbolic discounting
• Social preferences / Altruism

Econometrics

• Measurement error
• Ability bias in cross-sectional wage equation

Online labor markets

• Limitations of outsourcing (video)
• Overcoming employer discrimination