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Wages and Job Availability in Segmented Labour Markets

In: Unemployment in Western Countries

Author

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  • Charles C. Holt

    (University Of Texas at Austin)

Abstract

Ever since the institutional labour economists rejected classical economic theory over six decades ago, there has been a deeply troubling schism in the foundations of our discipline that still has not been satisfactorily resolved. As a result, our ability to forecast inflation and unemployment suffers, and our policy analyses of structural and demand issues are often not very enlightening.

Suggested Citation

  • Charles C. Holt, 1980. "Wages and Job Availability in Segmented Labour Markets," International Economic Association Series, in: Edmond Malinvaud & Jean-Paul Fitoussi (ed.), Unemployment in Western Countries, chapter 11, pages 385-419, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-16407-3_11
    DOI: 10.1007/978-1-349-16407-3_11
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    Cited by:

    1. Springer, K.A., 1989. "Wage rigidity and the persistence of unemployment," Serie Research Memoranda 0041, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.

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