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Author: William T. Dickens
Publisher:
ISBN:
Category : Employment (Economic theory)
Languages : en
Pages : 48
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Book Description
Despite substantial differences in their views of the appropriate policy response to the existence of poverty, neither the proponents of dual market theory nor its critics have proposed potentially conclusive tests of the dual market hypothesis. This paper presents a test of the two central propositions of dual market theory -- 1) the existence of two distinct labor markets with different wage setting mechanisms and 2) the existence of barriers to mobility between the labor markets. We find considerable support for both hypothesis. Estimation of a switching model of wage determination with unknown regimes yields two distinct wage equations. The one which most workers are associated with closely resembles the standard human capital regression with significant returns to education and experience. The other equation is flat with no returns to human capital. These two equations resemble the predictions of dual market theory for the "primary" and "secondary" markets respectively. Further, we present evidence that(at least) some non-white workers are involuntarily confined to the secondary market. This crowding of minority workers into the low wage labor market accounts for a substantial portion of white/non-white wage differences. We interpret these results as providing empirical support for the dual market hypothesis and for recent theoretical work on efficiency wagemodels. In addition, combining the efficiency wage argument with the observation that much of the white/non-white wage difference is explained by the exclusion of non-whites from the primary sector suggests an explanation for the persistance of wage differences
Author: William T. Dickens
Publisher:
ISBN:
Category : Employment (Economic theory)
Languages : en
Pages : 48
Get Book Here
Book Description
Despite substantial differences in their views of the appropriate policy response to the existence of poverty, neither the proponents of dual market theory nor its critics have proposed potentially conclusive tests of the dual market hypothesis. This paper presents a test of the two central propositions of dual market theory -- 1) the existence of two distinct labor markets with different wage setting mechanisms and 2) the existence of barriers to mobility between the labor markets. We find considerable support for both hypothesis. Estimation of a switching model of wage determination with unknown regimes yields two distinct wage equations. The one which most workers are associated with closely resembles the standard human capital regression with significant returns to education and experience. The other equation is flat with no returns to human capital. These two equations resemble the predictions of dual market theory for the "primary" and "secondary" markets respectively. Further, we present evidence that(at least) some non-white workers are involuntarily confined to the secondary market. This crowding of minority workers into the low wage labor market accounts for a substantial portion of white/non-white wage differences. We interpret these results as providing empirical support for the dual market hypothesis and for recent theoretical work on efficiency wagemodels. In addition, combining the efficiency wage argument with the observation that much of the white/non-white wage difference is explained by the exclusion of non-whites from the primary sector suggests an explanation for the persistance of wage differences
Author: Peter B. Doeringer
Publisher: M.E. Sharpe
ISBN: 9780765632128
Category : Business & Economics
Languages : en
Pages : 258
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Book Description
This book discusses the institutional aspects of the American labor market. The introduction assesses the major changes since 1971.
Author: Carl Davidson
Publisher: W.E. Upjohn Institute
ISBN: 0880992743
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
Author: Gilles Saint-Paul
Publisher: MIT Press
ISBN: 9780262193764
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
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.
Author: Mark Machina
Publisher: Newnes
ISBN: 0444536868
Category : Business & Economics
Languages : en
Pages : 897
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Book Description
The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. - Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance - Divides coverage between theoretical, empirical, and experimental findings - Makes the economics of risk and uncertainty accessible to scholars in fields outside economics
Author: Nanneke Redclift
Publisher: Routledge
ISBN: 1134978219
Category : Social Science
Languages : en
Pages : 266
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Book Description
As the female labour force continues to expand, the terms on which women participate remain a considerable problem. Working Women presents a detailed examination of women's position in the paid workforce in a variety of first and third world countries and identifies the common cultural and economic factors which create disadvantage.
Author: Enrico Moretti
Publisher: Houghton Mifflin Harcourt
ISBN: 0547750110
Category : Business & Economics
Languages : en
Pages : 309
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Book Description
Makes correlations between success and geography, explaining how such rising centers of innovation as San Francisco and Austin are likely to offer influential opportunities and shape the national and global economies in positive or detrimental ways.
Author: Alison Green
Publisher: Ballantine Books
ISBN: 0399181822
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
From the creator of the popular website Ask a Manager and New York’s work-advice columnist comes a witty, practical guide to 200 difficult professional conversations—featuring all-new advice! There’s a reason Alison Green has been called “the Dear Abby of the work world.” Ten years as a workplace-advice columnist have taught her that people avoid awkward conversations in the office because they simply don’t know what to say. Thankfully, Green does—and in this incredibly helpful book, she tackles the tough discussions you may need to have during your career. You’ll learn what to say when • coworkers push their work on you—then take credit for it • you accidentally trash-talk someone in an email then hit “reply all” • you’re being micromanaged—or not being managed at all • you catch a colleague in a lie • your boss seems unhappy with your work • your cubemate’s loud speakerphone is making you homicidal • you got drunk at the holiday party Praise for Ask a Manager “A must-read for anyone who works . . . [Alison Green’s] advice boils down to the idea that you should be professional (even when others are not) and that communicating in a straightforward manner with candor and kindness will get you far, no matter where you work.”—Booklist (starred review) “The author’s friendly, warm, no-nonsense writing is a pleasure to read, and her advice can be widely applied to relationships in all areas of readers’ lives. Ideal for anyone new to the job market or new to management, or anyone hoping to improve their work experience.”—Library Journal (starred review) “I am a huge fan of Alison Green’s Ask a Manager column. This book is even better. It teaches us how to deal with many of the most vexing big and little problems in our workplaces—and to do so with grace, confidence, and a sense of humor.”—Robert Sutton, Stanford professor and author of The No Asshole Rule and The Asshole Survival Guide “Ask a Manager is the ultimate playbook for navigating the traditional workforce in a diplomatic but firm way.”—Erin Lowry, author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together
Author: David M. Gordon
Publisher: Cambridge University Press
ISBN: 9780521237215
Category : History
Languages : en
Pages : 310
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Book Description
Segmented Work, Divided Workers presents a restatement and expansion of the theory of labor segmentation by three of its founding scholars. The authors argue that divisions with the US working class are rooted in a segmentation of jobs since World War II. They explain the origins of job segmentation through a careful and systematic historical analysis of changes in the labor process and the structure of labor markets since the early 1800s. this analysis builds, in turn, upon hypotheses about successive stages in the history of capitalist development. Segmented Work, Divided Workers integrates this economics analysis with a careful historial appreciation of the complexity of working-class experience in the United States.
Author: F. S. Barker
Publisher:
ISBN: 9780627033377
Category : Labor market
Languages : en
Pages : 0
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Book Description
"With a down-to-earth and practical approach that is both refreshing and inspiring, this revised edition of The South African labour market contains an abundance of information about labour markets in general, as well as the South African labour market in particular. It successfully fills a serious void in comprehensive, objective literature on this topic. The labour market and labour policies are in constant flux, with the result that fairly substantial changes have been made to ensure that this revised edition is positioned squarely in the middle of labour debates currently raging in South Africa. A chapter is specially dedicated to collective bargaining and the impact of unions on the labour market. It also covers strike action in South Africa and looks at the controversy surrounding bargaining councils. Labour market flexibility has become an important public focal point with the ANC publishing some important position papers on the matter and notable international organisations also referring to it in the context of South Africa's labour markets. This is part of the broader debate on ways to increase productivity. Formal employment is said to have increased substantially since the advent of democracy. The book considers the evidence of this and comes to some disturbing conclusions about the sensitivity of employment to economic growth. The book deals extensively with the impact of globalisation on the labour market and how other countries have managed the challenges of globalisation. Other topics include affirmative action in South Africa compared to Malaysia, and whether consensus-seeking institutions such as Nedlac still have a role to play. The book is generally accessible, but without sacrificing the firm academic foundation required to understand the operation of labour markets. All in all, this book is a mine of information, set out in a user-friendly manner, so that even the uninitiated will be able to understand the issues at hand. The content provides the reader with more than sufficient material for intelligent participation in debates and decisions regarding the labour market. Contents include the following: Unique characteristics of the labour market; The impact of HIV and Aids; Employment in the formal and informal sectors; Wages and the cost of labour; Addressing the challenges of globalisation; Unemployment in South Africa; Human capital and the demand for skilled workers; Inequalities and discrimination."--Publisher's description
