Health and Labor Economics

Health and labor economics are intertwined at various levels. First, both deal in large part with how human capital is accumulated, priced and allocated in markets. Second, determining the best way to pay physicians is modelled as a peculiar labor market while labor supply and wages may be affected by health. Third, the tools, combining theory with solid econometrics, have defined both fields for a long time. This course aims to provide good foundations, at the level of a first year graduate course, on which students can build to attack more complex applications in those fields. Instead of providing an overview, it focuses on a few core topics, covering both theory and empirics, zooming on recent research. An emphasis is put on the effectiveness of institutions and policy in solving market imperfections. We assume students have a solid background in micro theory and econometrics.