Dual Labor Markets: A Macroeconomic Perspective

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MIT Press, 1996 - 218 páginas

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.

 

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Índice

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
Skilled versus Unskilled Workers
135
of the Population
144
Human Capital Accumulation
163
The Political Economy of TwoTier Systems
177
References
201
Index
211
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Sobre el autor (1996)

Gilles Saint-Paul is PSE Full Professor at the Paris School of Economics.

Información bibliográfica