A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination and Keynesian Unemployment
Bibliographic Data
| ID | 5778022 |
|---|---|
| Authors | Jeremy Bulow, Lawrence H Summers, Lawrence Summers |
| Year | 1985 |
| Publication date | 1985-07-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | REPORT |
| Venue | National Bureau of Economic Research (REPOSITORY) |
| Publisher | National Bureau of Economic Research (PUBLISHER) |
| DOI | 10.3386/w1666 |
| OpenAlex | W3125695610 |
| Language | EN |
| Citations received | 97 |
| References cited | 7 |
This paper develops a model of dual labor markets based on employers' need to motivate workers.In order to elicit effort from their workers, employers may find it optimal to pay more than the going wage.This changes fundamentally the character of labor markets.The model is applied to a wide range of labor market phenomena.it provides a coherent framework for understanding the claims of industrial policy advocates.it also can provide the basis for a theory of occupational segregation and discrimination which will not be eroded by market forces.Finally, the model provides the basis for a theory of involuntary unemployment
Economics · Involuntary unemployment · Labour economics · Macroeconomics · New Keynesian economics · Unemployment · Wage · Employment and Welfare Studies · Labor market dynamics and wage inequality · Labor Movements and Unions
Green Tax Reform and Two-Component Unemployment
Fair Wages, Worker Motivation, and Implicit Bargaining Power in Segmented Labor Markets
Misconceptions of power
Job Search with Organizational Size As a Signal
Inter‐industrial wage differentials
Common elements of efficiency wage theories
Wage Differentials in Brazil
Is There Less Discrimination in Occupations Where Recruitment Is Difficult
Segmented Labor Markets
The Theoretical Foundation of Industrial Relations and its Implications for Labor Economics and Human Resource Management
The Development of the Neoclassical Tradition in Labor Economics
Institutional Economics and the Minimum Wage
The Structure of Supervision and Pay in Hospitals
Post-Layoff Earnings among Semiconductor Workers
Unemployment in Regional Labor Markets
Collective Bargaining and the Interindustry Wage Structure
Wage Incentive Profiles in Dual Labour Markets
Fair Wages in the Open Economy
Towards a New Synthesis
Readings in Economic Sociology
Efficiency Wages and the Inter-Industry Wage Structure
Institutional Quality and International Trade
Neoclassical and Sociological Perspectives on Segmented Labor Markets
Explaining differences in the political meaning of unemployment across time and space
Efficiency Wages and Classical Wage Theory
Prekærbegrepene – en teoretisk fristelse og forbannelse
Theoretical Foundations for Sticky Wages
God and the Problem of Order
La relation chômage-santé
Mobility And Earnings In Ethiopia's Urban Labor Markets, 1994-2004
Feeling good about the iron rice bowl
Class Analysis and Class Theory
The Myths and Realities of Conservative Economic Policy-Making in the US
Changes in the Inequality of Earnings for Young Men in Metropolitan Labor Markets, 1979-1989
Labor Market Integration in Urban Ethiopia, 1994-2004
Employers' Flexibility and Employment Volatility
With Friends Like These
Housework in the eyes of Ukrainian female migrants
Equilibrium Wage and Dismissal Processes
The Gender Gap in Pensions and Wages
Racial Disparity in Unemployment
Supervision and Wages Across Industries
The Worker Discipline Effect
Economics and Identity
An Evaluation of International Migration Theory
Social Capital and the Wages of Mexican Migrants
Wage and Productivity Differentials in Japan - The Role of Labor Market Mechanisms
Wage and Productivity Differentials in Japan
Dynamic labor demand with dual labor markets
Wage and Productivity Differentials in Japan
Effort and Comparison Income
Supervision, Pay, and Effort
Organizational Ecology and Job Mobility
Effects of Individual, Occupational, and Industrial Characteristics on Earnings
Declining inter-industry wage dispersion in the US
The new labor market segmentation
Race and Theory
The Trade-Off Between Supervision Cost and Performance Based Pay
Small business economics
The Law and Economics of the Minimum Wage
Social policy and economic efficiency
Cleaning up their act
Old Industrial Regions and Employability
Gender Inequality in Labor Markets
Gender wage differentials in private and public sector jobs
Productivity, contracting modes, and development
Premiums to employment in larger establishments
Jamaica
Trinidad and Tobago
A low-growth model
Organizations and Earnings Attainment among Manufacturing Workers
Dual Labour Markets and the Potential Earnings of the Unemployed
Intégration économique, migrations et chômage
Comment expliquer le dualisme du marché du travail à partir de comportements rationnels
Rising Black Unemployment
Black-White Wage Differential
Rhonda M. Williams
How Long Was the Workday in 1880
How did labor markets work in lancashire? more evidence on prices and quantities in cotton spinning, 1822–1852
Effort Observability and Worker Productivity
Taxes and Bribery
Persistence of Occupational Segregation
Welfare Reform in European Countries
Stratification, Social Networks in the Labour Market, and Intergenerational Mobility
Do Trade Unions Reduce Job Opportunities of Non-Members
Employability and flexible retirement
Hysteresis and the European Unemployment Problem
Paying the Professor
Low-Wage Work
Economic Theories of Low-Wage Work
New Forms of Dualization? Labour Market Segmentation Patterns in the UK from the Late 90s Until the Post-crisis in the Late 2000s
The Two Faces of Governance
Are Secondary Workers Informal Workers? Evidence for Argentina
Who Benefits from State and Local Economic Development Policies
Inequality and Attainment in a Dual Labor Market
Ownership and Authority in the Earnings Function
Is Work Special? Justice and the Distribution of Employment
| Unique citing works | 97 |
|---|---|
| Citations per year | 2,42 |
| Citation span | 1986 - 2021 (36) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 79 |