This course analyses the socio-economic determinants of inequality particularly in the labour market. The course is structured in three blocks. In the first set of sessions we will look at some key stylized facts on inequality in the labour market and we will learn how economic models are applied to labour market phenomena, such as labour supply and participation, labour demand by firms, and wage determination (market equilibrium).
The research in this field is increasingly empirical, the second set of sections will therefore analyse the conditions under which market equilibrium does not hold and the related rationale for the emergence of labour market inequality. Specific attention will be devoted to the dynamics at play at the spatial and individual level and more importantly to the interplay between the two in explaining the concentration of labour market disadvantages in specific population groups and geographical segments of the market.
The third blog will look more in detail and the main determinants of inequality in the global economy focusing in particular on specific examples of global processes (such as the mobility of labour and the geographical fragmentation of production) that can exacerbate inequality in the market. In this context we will look at how redistributive mechanisms and policy options can deal with the emerging challenges associated to increasing inequality.