LABOUR ECONOMICS I

During the lecture I mentioned that the founder of the education signalling model, Michael Spence of Stanford University, won the Nobel Prize in Economics. Here is the citation for him when he won the prize, with two other renowned economists (George Read More...

Today Nobel laureate Professor Gary S. Becker of University of Chicago wrote on The Asian Wall Street Journal ("Missing Children", p. 15) about low fertility rates many countries are trying to deal with. He mentioned about Japan, Russia, Korea, etc. as Read More...

Dear Colleagues It is with great sadness that I report that Jacob Mincer died on Sunday August 20. With the passing of Jacob Mincer, labor economics has lost a giant of the field who made fundamental contributions to the development of our analyses of Read More...

Singaporeans' reactions to the Prime Minister's call at the National Day Rally to open Singapore wider to foreign workers are well summed up by The Straits Times : Foreigners welcome 'but take only those who can help S'pore' (22 August 2006). The newspaper Read More...

A recent article in the New York Times , "Why ‘Outsourcing’ May Lose Its Power as a Scare Word" (August 13, 2006), reports some studies done on the effects of outsourcing on the US labor market. Many studies found that only a handful percentage of jobs Read More...