This lecture will re-examine two important, widely cited, but contentious findings in labour economics. The first is that minimum wages have little impact on employment. The second is that immigration has little impact on wages. In textbook models of the labour market, these findings seem to contradict each other, as they would imply that the labour demand curve is both perfectly elastic and inelastic. Professor Mogstad will examine if and how the findings can be reconciled, and derive implications for our understanding of the functioning of labour markets.

We will also present the 2026 Morley Gunderson Prize to two deserving alumni, Aileen Coyle and Robin Ross.