Market Failure, Human Capital, and Job Search Dynamics in South Africa: The Case of Duncan Village
AbstractThis paper argues that the economic literature on unemployment and poverty in South Africa has under-explored potentially important feedback mechanisms which, because they serve to change the structure of labour markets and affect human capital trajectories, serve to endogenise labour market exclusion. Using a tailor-made database from Duncan Village, East London, this paper probes such processes, focussing around the question of job search. The evidence presented suggests that endogenous factors generating labour market exclusion are important in locking-in exclusion, and suggests that macro-micro linkages need to be further considered.
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Bibliographic InfoPaper provided by University of Cape Town, Development Policy Research Unit in its series Working Papers with number 05098.
Length: 35 pages
Date of creation: Sep 2005
Date of revision:
Publication status: Published in Working Paper Series by the Development Policy Research Unit, September 2005, pages 1-35
South Africa: macro-micro linkages; unemployment and poverty;
Find related papers by JEL classification:
- A1 - General Economics and Teaching - - General Economics
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