Segmented labor markets and unemployment

dc.creator	Lindbeck, Assar
dc.creator	Snower, Dennis J.
dc.date	1990
dc.date.accessioned	2013-10-16T06:06:07Z
dc.date.available	2013-10-16T06:06:07Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/584
dc.identifier	ppn:042415160
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/584
dc.description	This paper suggests various alternatives to the Harris-Todaro theory in explaining unemployment in segmented labor markets. We focus on a labor market with i perfectly competitive secondary sector and an imperfectly competitive primary sector, the latter combining salient features of the efficiency wage, insider-outsider, and bargaining theories of employment and wage formation. Unemployment and labor market segmentation are explained with reference to heterogeneous preferences, productivities, and endowments among workers. The responsiveness of unemployment to external shocks is shown to depend crucially on whether the above heterogeneities are exogenously given or whether they are endogenously generated through workers' employment histories.
dc.language	eng
dc.publisher	Institute for International Economic Studies, University of Stockholm Stockholm
dc.relation	Seminar paper / Institute for International Economic Studies, University of Stockholm 483
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	ddc:330
dc.title	Segmented labor markets and unemployment
dc.type	doc-type:workingPaper

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