The current economic situation has revived discussions on the effects of labor market institutions on the level of employment. Among these institutions, those related to the terms of labor contracts (contract duration, conditions of severance payments, etc.) have been the subject of much debate in unemployment-ridden economies like Spain.  This course will present and assess recent findings on the relation between these institutions and employment creation and unemployment.  The course will cover both empirical and theoretical findings. Questions related to pay incentives and worker performance ---including relative pay performance, asymmetric treatment of managers and work-and-file workers during recessions, the use of stocks compensation versus stock options--- will also be discussed in this course. Finally, the course will conclude with an assessment of recent measures on bankers compensation promoted by the Obama administration and the G-20.

 

Professor of Economics, Universidad Carlos III de Madrid. Ph.D. in Economics from Universidad Carlos III de Madrid in 1995. His research interests include Macroeconomics, Public Finance and Labor Economics. He has published his research in the most prestigious economic journals, including the American Economic Review, Review of Economic Studies, Journal of Economic Theory, Economic Journal, Journal of Monetary Economics, etc. He is currently an editor of the Journal of Dynamics and Control.

Professor of Economics, University of Miami.Cátedra de Excelencia UC3M-Banco de Santander, UC3M.Ph. D. in Economics, University of Chicago (1984). Professor Santos’s areas of interest include Growth and Development and Computation, Money and Financial Markets. He has published his work in the most prestigious journals of economics, including Econometrica, American Economic Review, Journal of Political Economy, Journal of EconomicTheory, Review of Economic Studies, etc. He is currently an Associate Editor of the Review of Economic Dynamics, Journal of Economic Theory, and Economic Theory.

 

June 14, 15 and 16: 10:00 - 13:00

 

Universidad Carlos III de Madrid (Getafe Campus)

Calle Madrid, 126

Building 15, Room 15.1.39 (Map)

 

500 Euros*

 

*Fee covers the course and accompanying materials. The registration fee for students currently enrolled in a Ph.D. program is reduced to 300 euros. Course attendees need to arrange and pay for their own lodging. Students may apply for scholarships by sending an application letter documenting the merits of their request to the Director of SSECO, Juan J. Dolado, at instituto.economia@uc3m.es, indicating as subject “SSECO-scholarship”. Application will be accepted a week before the course start if space available.

The current economic situation has revived discussions on the effects of labor market institutions on the level of employment. Among these institutions, those related to the terms of labor contracts (contract duration, conditions of severance payments, etc.) have been the subject of much debate in unemployment-ridden economies like Spain.  This course will present and assess recent findings on the relation between these institutions and employment creation and unemployment.  The course will cover both empirical and theoretical findings. Questions related to pay incentives and worker performance ---including relative pay performance, asymmetric treatment of managers and work-and-file workers during recessions, the use of stocks compensation versus stock options--- will also be discussed in this course. Finally, the course will conclude with an assessment of recent measures on bankers compensation promoted by the Obama administration and the G-20.

 

Professor of Economics, Universidad Carlos III de Madrid. Ph.D. in Economics from Universidad Carlos III de Madrid in 1995. His research interests include Macroeconomics, Public Finance and Labor Economics. He has published his research in the most prestigious economic journals, including the American Economic Review, Review of Economic Studies, Journal of Economic Theory, Economic Journal, Journal of Monetary Economics, etc. He is currently an editor of the Journal of Dynamics and Control.

Professor of Economics, University of Miami.Cátedra de Excelencia UC3M-Banco de Santander, UC3M.Ph. D. in Economics, University of Chicago (1984). Professor Santos’s areas of interest include Growth and Development and Computation, Money and Financial Markets. He has published his work in the most prestigious journals of economics, including Econometrica, American Economic Review, Journal of Political Economy, Journal of EconomicTheory, Review of Economic Studies, etc. He is currently an Associate Editor of the Review of Economic Dynamics, Journal of Economic Theory, and Economic Theory.

 

June 14, 15 and 16: 10:00 - 13:00

 

Universidad Carlos III de Madrid (Getafe Campus)

Calle Madrid, 126

Building 15, Room 15.1.39 (Map)

 

500 Euros*

 

*Fee covers the course and accompanying materials. The registration fee for students currently enrolled in a Ph.D. program is reduced to 300 euros. Course attendees need to arrange and pay for their own lodging. Students may apply for scholarships by sending an application letter documenting the merits of their request to the Director of SSECO, Juan J. Dolado, at instituto.economia@uc3m.es, indicating as subject “SSECO-scholarship”. Application will be accepted a week before the course start if space available.