Dual Labor 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 Research Institute of Industrial Economics in its series Working Paper Series with number 267.
Length: 28 pages
Date of creation: Nov 1990
Date of revision:
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More information through EDIRC
Efficiency wages; Search theory; Dual labor market;
Other versions of this item:
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
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