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Uses theoretical models to analyse the macroeconomic implications of the dual labour market. Includes an introduction to the techniques of dynamic programming and the matching function.
This book discusses the institutional aspects of the American labor market. The introduction assesses the major changes since 1971.
The Dynamics of Labour Market Segmentation is a collection of different papers about the importance of differentiation between groups of workers and the development of employer strategies for controlling the labor process in the market. The book is divided into five parts. Part I discusses the nature of segmentation, duality, the internal labor market, internationalization, and discrimination. Part II tackles the industrial transformation and the evolution of dual labor markets and the paternalism and labor market segmentation theory, and Part III deals with topics such as entrepreneurial strategies of adjustment and internal labor markets; artisan production and economic growth; and outwork and segmented labor markets. Part IV covers the construction of women as second-class workers and the social reproduction and the basic structure of the labor market; Part V explores the labor market segmentation and the business cycle and the relationship between employment and output. The text is recommended for entrepreneurs who wish to understand the labor market as well as social scientists who would like to know the implications of the labor market segmentation not only for the marketplace but also for society as a whole.
Dual labor market theory is an attempt to understand observed variation in wages and job quality. The theory argues that market processes tend to produce "primary" jobs characterized by high wages and longjob tenure, and "contingent" (or "secondary") jobs that typically offer low wages and short tenure. The key feature distinguishing dual labor market theory from such alternative explanations as human capital theory or the theory of compensating wage differentials, is the nature of the labor market equilibrium. In dual labor market theory, equilibrium is characterized by an excess supply of qualified workers to primary jobs. Mobility between contingent and primary jobs will therefore be limited, and "good" workers may be stuck in "bad" jobs.