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Dual Labor Markets: A Macroeconomic Perspective

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Author Info

  • Gilles Saint-Paul

    ()
    (Toulouse School of Economics)

Abstract

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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Bibliographic Info

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This book is provided by The MIT Press in its series MIT Press Books with number 0262193760 and published in 1997.

Volume: 1
Edition: 1
ISBN: 0-262-19376-0
Handle: RePEc:mtp:titles:0262193760

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Web page: http://mitpress.mit.edu

Related research

Keywords: dual labor markets; United States; Europe;

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Cited by:
  1. Bartling, Björn & Fehr, Ernst & Schmidt, Klaus M., 2010. "Screening, Competition, and Job Design: Economic Origins of Good Jobs," IZA Discussion Papers 4710, Institute for the Study of Labor (IZA).
  2. Edoardo Di Porto & Leandro Elia & Cristina Tealdi, 2013. "The "emersion" effect: an ex post and ex ante social program evaluation on labor tax evasion in Italy," Working Papers 2/2013, IMT Institute for Advanced Studies Lucca, revised Jun 2013.
  3. MATSUURA Toshiyuki & SATO Hitoshi & WAKASUGI Ryuhei, 2011. "Temporary Workers, Permanent Workers, and International Trade: Evidence from Japanese firm-level data," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) 11030, Research Institute of Economy, Trade and Industry (RIETI).
  4. Bosch, Mariano & Esteban-Pretel, Julen, 2012. "Job creation and job destruction in the presence of informal markets," Journal of Development Economics, Elsevier, Elsevier, vol. 98(2), pages 270-286.

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