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Economics of Human Resources

This field covers Labor Economics, Health Economics, and Human Resource Economics. Labor Economics is concerned with the determination of wages and hours of work in labor markets. Health Economics is concerned with the production and demand for health care and how the determinants of demand and supply affect the costs of various types of health care services. Human Resource Economics studies individual, family, and market investments in various forms of human capital such as education, on-the-job training, and health. The field uses the tools of microeconomics and econometrics to examine empirical issues in the following areas:

  • Derived demand analysis
  • Labor supply
  • Labor market structure including unions, minimum wage laws, and discrimination
  • Investment in human capital
  • Production and demand for health care and derived demand for medical care
  • Economic models of the family, including population theory, quantity-quality substitution in the economics of fertility, and interactions among family background, ability, health, education, and earnings
  • Supply and demand for physicians' services, hospital care, nurses and other personnel
  • Uncertainty, health insurance, and the financing of medical care

Required Course Work

Two courses from the following list are required:
Economics 87100, Labor Economics I
Economics 87200, Labor Economics II
Economics 87400, Health Economics
Economics 87500, Human Resources

Students may also want to consider courses in the Interdisciplinary Concentration in Health and Society, the Interdisciplinary Concentration in Public Policy and Urban Studies, and the Women’s Studies Certificate Program.

Faculty Members and Areas of Research Interest

Deborah Balk (Baruch), Health Economics
Clive Belfield (Queens), Labor Economics
Robert Cherry (Brooklyn), Discrimination
Partha Deb (Hunter), Health Economics
Marianne C. Fahs (Hunter), Health Economics
Zadia Feliciano (Queens), Labor Economics
Randall K. Filer (Hunter), Labor Economics
Michael Grossman (Graduate Center), Labor Economics, Health Economics, Human Resource Economics
Frank Heiland (Baruch), Health Economics
David Jaeger (Graduate Center), Labor Economics, Public Policy, Demography
Theodore J. Joyce (Baruch), Health Economics
Inas Rashad Kelly (Queens), Health Economics, Labor Economics, Microeconomics
Sanders Korenman (Baruch), Human Resource Economics, Public Policy
Kenneth J. McLaughlin (Hunter), Labor
June E. O’Neill (Baruch), Labor Economics
Cordelia Reimers (Hunter), Labor Economics, Human Resource Economics
Jennifer Roff (Queens), Human Resource Economics
Dahlia Remler (Baruch), Health Economics, Labor Economics, Public Policy
Purvi Sevak (Hunter), Human Resource Economics, Labor Economics
Wim Vijverberg (Graduate Center), Labor Economics, Economic Development, Econometrics
Alexandru Voicu (College of Staten Island), Labor Economics, Microeconomics
Simone Wegge (College of Staten Island), Labor Economics