The figure plots the history of FICA taxable earnings for the four cohorts born 1950-1953. For each cohort, separate lines are drawn for draft-eligible and draft-ineligible men. Plotted points show average real (1978) earnings of working men born in 1953, real earnings + $3000 for men born in 1950, real earnings + $2000 for men born in 1951, and real earnings + $1000 for men born in 1952. Figure 1 in "Lifetime Earnings and the Vietnam Era Draft Lottery: Evidence from Social Security Administrative Records" by Joshua Angrist, American Economic Review (December 1990): 1284-1286. (Image courtesty of American Economic Association. Used with permission.)
The course is an introduction to the field of Labor Economics, with an eye to helping students think critically about research and public policy. The emphasis is on applied microeconomics and empirical analysis. Topics to be covered include: labor supply and demand, taxes and transfers, human capital, minimum wages, income distribution, unions and strikes, immigration, incentives, discrimination, unemployment and unemployment insurance.
Special software is required to use some of the files in this course: .dta.