This paper describes and evaluates the analytical model of the labor market developed by prominent labor economists of the 1940s and 1950s. The author argues that the post-institutionalist model made significant and lasting contributions to the analysis of labor mobility and the process of job search; to the formulation of models of union policies and the evaluation of the impact of collective bargaining; to the analysis of the factors that shape internal wage structure and contribute to the rise of internal labor markets; and, by its emphasis on the critical role played by the forces of demand, to the analysis of the wage determination process. (Abstract courtesy JSTOR.)
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Article provided by ILR Review, ILR School, Cornell University in its journal ILR Review.
Volume (Year): 39 (1986) Issue (Month): 3 (April) Pages: 388-403 Download reference. The following formats are available: HTML
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