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.
- ISBN10 0262193760
- ISBN13 9780262193764
- Publish Date 22 January 1997 (first published December 1996)
- Publish Status Out of Stock
- Publish Country US
- Publisher MIT Press Ltd
- Imprint MIT Press
- Format Hardcover
- Pages 232
- Language English
- URL http://mitpress.mit.edu/9780262193764