MIT 14.772 Development Economics: Macroeconomics, Spring 2013 View the complete course: http://ocw.mit.edu/14-772S13 Instructor: Robert Townsend In this lecture, Prof. Townsend discusses labor and development including the topics of sharing wage risk and labor and aggregation. Chapters 0:00:00 Title slates 0:00:27 Introduction to Bonhomme, Chiappori, Townsend, and Yamada (2012). 0:36:50 Labor sharing in Thailand 0:38:05 Traditional development view of labor supply versus community level risk-pooling using labor 0:40:15 Labor elasticities 1:18:35 Introduction to Seema (2006) License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu/