Key Ideas #1

I. A Century of Labor Market Action

  • Important long-run trends and changes
  • The Great Recession: What just happened?
  • Data sources and methods 
  • Measurement problems

II. Labor Supply (Part 1)

  • Slutsky for labor
  • Application to tax and transfer programs
  • Budget set bonanza
  • Estimates

III. Metrics (recitation)

  • Regression review
  • Measurement error models and measurement error consequences
  • Maximum likelihood estimation of Probit
  • IV and 2SLS basics