Key Ideas #3

Key Ideas #3A: Home Production 

I. The theory of Home Production

  • Explanations of rising female LFP
  • Children and child care in home production

II. Metrics

  • Basic IV as applied to HH models, ala AE-98 and Gelbach (2002)

Key Ideas #3B: Labor Demand, Minimum Wages and Immigration

I. Core Theory

  • Demand with one factor
  • Demand with two factors
    • Substitution and scale effects
    • Hicks-Marshall laws of derived demand
  • Market structure and factor demand
    • Monopoly
    • Monopsony

II. Policy Issues

  • Minimum Wages
    • Theoretical considerations
    • Empirical strategies and evidence
  • Immigration
    • Theoretical considerations
    • Empirical strategies and evidence

III. Metrics: DD Assumptions and Pitfalls