Dual Labor Markets: A Macroeconomic PerspectiveMIT Press, 1996 - 218 pages The labor market consists of two tiers. Workers in the upper tier enjoy high wages, good benefits, and employment security, and they are often unionized. Workers in the lower tier experience low wages, high turnover, job insecurity, and little chance of promotion. Until now, dual labor market theory has focused mainly on microeconomic factors such as discrimination, poverty, and public welfare. Dual Labor Markets considers the macroeconomic implications of the dual market. The book uses theoretical models derived from the author's research over the past six years to analyze such policy issues as the level and persistence of unemployment, the level of real wages, the accumulation of human capital, and the political viability of labor market reform in the United States and Europe. |
Contents
Introduction | 1 |
Some Technical Background | 15 |
The Dynamic Efficiency Wage Model | 25 |
The Dual Model | 45 |
The Empirical | 59 |
Dualism Labor Market Reform and Macroeconomic | 69 |
Impact of Dualism on Wage Formation | 101 |
Dualism and Labor Market Flows | 121 |
Common terms and phrases
References to this book
The Japanese Employment System:Adapting to a New Economic Environment ... Marcus Rebick No preview available - 2005 |
Constructing Unemployment: The Politics of Joblessness in East and West Phineas Baxandall No preview available - 2004 |