Dual Labor Markets: A Macroeconomic Perspective

Dual Labor Markets: A Macroeconomic Perspective

by Gilles Saint-Paul
     
 

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

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Overview

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.

Product Details

ISBN-13:
9780262193764
Publisher:
MIT Press
Publication date:
01/22/1997
Pages:
232
Product dimensions:
5.90(w) x 9.10(h) x 0.80(d)
Age Range:
18 Years

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What People are saying about this

Charles Bean
A fascinating monograph that weaves apparently disparate strands into a convicing analysis of one of the most pressing economic problems of our time. Essential reading for those wanting to understand how the modern labour market functions, and what can be done to tackle the scourge of excessive unemployment.
From the Publisher
"A fascinating monograph that weaves apparently disparate strands intoa convincing analysis of one of the most pressing economic problems ofour time.

Essential reading for those wanting to understand how themodern labour market functions, and what can be done to tackle thescourge of excessive unemployment." Charles Bean, Professor, London School of Economics

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