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Dual labor markets : a macreoeconomic perspective

Author: Gilles Saint-Paul
Publisher: Cambridge, Mass. : MIT Press, ©1996.
Edition/Format:   Print book : EnglishView all editions and formats
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This text considers the macroeconomic implications of the dual market. It uses theoretical models to analyze such policy issues as the level and persistence of unemployment, the level of real wages,  Read more...

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Document Type: Book
All Authors / Contributors: Gilles Saint-Paul
ISBN: 0262193760 9780262193764
OCLC Number: 34772364
Description: ix, 218 pages : illustrations ; 24 cm
Contents: 1. Introduction. 1.1. The U.S. Debate on Dual Labor Markets. 1.2. The European Debate over Labor Market Flexibility. 1.3. Are Rigidities That Bad? The Debate on Labor Market Flows and "Renovating Economies" 1.4. Unemployment and Skills. 1.5. Required Technical Background --
2. Some Technical Background. 2.1. An Introduction to Dynamic Programming. 2.2. The Matching Function --
3. The Dynamic Efficiency Wage Model. 3.1. Presentation of the Model. 3.2. The Cost of Labor. 3.3. The Dynamics of Labor Demand. 3.4. Aspects of Commitment. 3.5. Introducing Dualism. 3.6. Conclusion. 3.7. Appendix --
4. The Dual Model. 4.1. Internal Dualism and Demand Volatility. 4.2. Introducing Internal Dualism in the Dynamic Efficiency Wage Model. 4.3. Persistent Shocks. 4.4. Conclusion. 4.5. Appendix --
5. Efficiency Wages and Segmented Labor Markets: The Empirical Debate. 5.1. Competitive versus Noncompetitive Models of the Labor Market. 5.2. The Debate on Interindustry Wage Differentials.
Responsibility: Gilles Saint-Paul.

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"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 Read more...

 
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