Dual Labour Markets, Efficiency Wages, and Search
AbstractThis article presents an equilibrium model of a dual labor market. Firms are assumed to be identical ex ante and dualism arises endogenously. The dual labor market outcome is supported by efficiency wage and search considerations. Firms choose wage/effort requirement packages optimally given optimal search and effort choice by workers, and vice versa. The authors prove existence and investigate the occurence and nature of dual labor market equilibria. Copyright 1992 by University of Chicago Press.
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Bibliographic InfoPaper provided by Stockholm - International Economic Studies in its series Papers with number 492.
Length: 25 pages
Date of creation: 1991
Date of revision:
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Web page: http://www.iies.su.se/
More information through EDIRC
enterprises ; skilled workers ; economic models ; economic equilibrium;
Other versions of this item:
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Dual Labor Markets And Strategic Efficiency Wage,"
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"Efficiency Wages, Labor Heterogeneity and the Financing of the Training Cost,"
Discussion Papers (IRES - Institut de Recherches Economiques et Sociales)
1997022, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
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- SMITH, Tony E. & ZENOU, Yves, 1996.
"Dual Labor Markets, Urban Unemployment and Multicentric Cities,"
CORE Discussion Papers
1996018, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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- Patrice Gaubert & Marie Cottrell, 1999. "Neural Network And Segmented Labour Market," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) hal-00134146, HAL.
- Arai, Kazuhiro, 1997. "Cooperation, job security, and wages in a dual labor market equilibrium," The Journal of Socio-Economics, Elsevier, vol. 26(1), pages 39-57.
- Jellal, Mohamed & Zenou, Yves, 1999. "Efficiency wages and the quality of job matching," Journal of Economic Behavior & Organization, Elsevier, vol. 39(2), pages 201-217, June.
- Schlicht, Ekkehart, . "Job Rents in a Stylized Labor Market," Chapters in Economics, University of Munich, Department of Economics.
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