scholarly journals Dual Labor Markets, Efficiency Wages, and Search

1992 ◽  
Vol 10 (4) ◽  
pp. 438-461 ◽  
Author(s):  
James W. Albrecht ◽  
Susan B. Vroman
Keyword(s):  
Labor Markets ◽  
Efficiency Wages ◽  
Dual Labor Markets

DUAL LABOR MARKETS AND STRATEGIC EFFICIENCY WAGE

2003 ◽  
Vol 17 (3) ◽  
pp. 99-112
Author(s):  
MOHAMED JELLAL ◽  
FRANÇOIS-CHARLES WOLFF
Keyword(s):  
Labor Markets ◽  
Efficiency Wage ◽  
Dual Labor Markets

scholarly journals Efficiency Wages, Unemployment, And Labor Discipline

2011 ◽  
Vol 9 (3) ◽  
Author(s):  
Aaron Pacitti
Keyword(s):  
Labor Markets ◽  
Economic Effects ◽  
Efficiency Wages ◽  
Unemployment Duration ◽  
Efficiency Wage ◽  
Economic Implications ◽  
Labor Discipline ◽  
Employee Effort ◽  
Analysis And Synthesis ◽  
Agency Issues

This paper explores the economic implications of unemployment by appealing to efficiency wage models. Agency issues in labor markets are first surveyed and discussed, providing the foundation for a detailed analysis and synthesis of two shirking models using uniform language and terminology. The use of a class-based analysis shows that unemployment disciplines both unemployed and employed labor, and explains the presence of unemployment as an equilibrium phenomenon. The economic effects of unemployment on wages, employee effort, labor surveillance, and other aspects, such as unemployment duration, are developed and explored.

Dual Labor Markets Revisited

2020 ◽  
Author(s):  
Samuel Bentolila ◽  
Juan J. Dolado ◽  
Juan F. Jimeno
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Employment Protection ◽  
Theoretical Research ◽  
Market Effects ◽  
The Great Recession ◽  
Reform Strategies ◽  
Dual Labor Markets ◽  
Dead End ◽  
Protection Legislation

This article provides an overview of empirical and theoretical research on dual labor markets. It revisits the labor-market effects of dual employment protection legislation as well as the main factors behind its resilience. Characterized by a high incidence of temporary contracts, which may lead to stepping-stone or dead-end jobs, dual labor markets exhibit specific features regarding the determination of employment, unemployment, churn, training, productivity growth, wages, and labor market flows. Relying on the contrasting experiences of several OECD countries with different degrees of duality and, in particular, on the very poor employment performance of some EU countries during the Great Recession, lessons are drawn about policy-reform strategies aiming to correct the inefficiencies of dual labor markets.

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