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