How Segmented are Skilled and Unskilled Labour Markets
How Segmented are Skilled and Unskilled Labour Markets

Author: Lei Lei Song

Publisher:

Published: 2003

Total Pages: 0

ISBN-13:

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This paper tests whether there is evidence that two distinct Beveridge curves for the skilled and unskilled aggregate markets exist. The results support the hypothesis and specifically find that the unskilled labour segment is less efficient at matching workers with jobs, primarily due to higher labour turnover rates. Higher turnover rates can be indicative of a poor match between employers' and jobseekers' expectations. The results also indicate that other shift variables, such as the replacement rate, the incidence of long-term unemployment, the immigration rate and the market circumstances in the skilled segment were only important for the unskilled segment.

The Dynamics of Labour Market Segmentation
The Dynamics of Labour Market Segmentation

Author: Frank Wilkinson

Publisher: Elsevier

Published: 2013-10-24

Total Pages: 325

ISBN-13: 0323155898

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The Dynamics of Labour Market Segmentation is a collection of different papers about the importance of differentiation between groups of workers and the development of employer strategies for controlling the labor process in the market. The book is divided into five parts. Part I discusses the nature of segmentation, duality, the internal labor market, internationalization, and discrimination. Part II tackles the industrial transformation and the evolution of dual labor markets and the paternalism and labor market segmentation theory, and Part III deals with topics such as entrepreneurial strategies of adjustment and internal labor markets; artisan production and economic growth; and outwork and segmented labor markets. Part IV covers the construction of women as second-class workers and the social reproduction and the basic structure of the labor market; Part V explores the labor market segmentation and the business cycle and the relationship between employment and output. The text is recommended for entrepreneurs who wish to understand the labor market as well as social scientists who would like to know the implications of the labor market segmentation not only for the marketplace but also for society as a whole.

Theories of labour market segmentation
Theories of labour market segmentation

Author: Ray Loveridge

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 261

ISBN-13: 146159958X

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The objectives of this book are: to review and develop a framework of key analytical concepts in the field of labour market segmentation; to develop and test these concepts against available data; to indicate weaknesses in the data in the light of the analysis; to offer a critique of manpower policies in some European countries in the light of the foregoing analysis; and to indicate areas of further research. The authors hope that this survey of the literature and the comments that accompany it will prove useful to policy makers and students alike. The authors woulp like to acknowledge the role of the Directorate General for Social Affairs of the European Community, Brussels, in initiating and supporting the production of this volume of criticism and discussion. We have especially appreciated the role of David White, on whose advice we came to rely in directing our critique upon the application of segmental theory to matters of labour market policy. Others whose help and advice we have relied on are John Morley, also of the European Community, Peta Small, who typed the several drafts, and our respective wives and families whose encouragement and discreet silences enabled us to get past the nth draft.

Labor Market Segmentation
Labor Market Segmentation

Author: Richard Edwards

Publisher:

Published: 1975

Total Pages: 354

ISBN-13: 9780669931389

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Monograph of conference papers on the evolution, in the USA, of a ' secondary' labour market reserved primarily for the minority group worker, the woman worker, and the low income worker - considers the impact of labour market segmentation on working class solidarity, and includes historical and sociological aspects, etc. References and statistical tables. Conference held in Cambridge 1973 mar 16 and 17.

Macroeconomic Adjustment with Segmented Labor Markets
Macroeconomic Adjustment with Segmented Labor Markets

Author: Pierre-Richard Agénor

Publisher: International Monetary Fund

Published: 1994-05-01

Total Pages: 50

ISBN-13: 1451968248

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This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency considerations and minimum wage laws. The basic model is then extended to account for unemployment benefits, income taxation, and imperfect labor mobility across sectors. The analysis indicates, among other results, that a reduction in unemployement benefits has a positive effect on output of tradable goods by lowering both the level of efficiency wages and the relative rent captured by skilled workers.

How Segmented are Skilled and Unskilled Labour Markets
How Segmented are Skilled and Unskilled Labour Markets

Author: Lei Lei Song

Publisher:

Published: 2003

Total Pages: 0

ISBN-13:

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This paper tests whether there is evidence that two distinct Beveridge curves for the skilled and unskilled aggregate markets exist. The results support the hypothesis and specifically find that the unskilled labour segment is less efficient at matching workers with jobs, primarily due to higher labour turnover rates. Higher turnover rates can be indicative of a poor match between employers' and jobseekers' expectations. The results also indicate that other shift variables, such as the replacement rate, the incidence of long-term unemployment, the immigration rate and the market circumstances in the skilled segment were only important for the unskilled segment.

A Theory of Employment in Firms
A Theory of Employment in Firms

Author: Josef Falkinger

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 209

ISBN-13: 3790826499

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In a modern economy, production and competition require internal interaction of individuals in firms. The book provides a systematic treatment of the macroeconomic consequenses of this fact. For this purpose the concept of a two-stage monopolistic competition equilibrium is introduced into macroeconomic theory. Firms choose the capacity to organize internal interaction at stage 1 and compete at stage 2. The concept allows a rigorous analysis of the provision of work places and the economic determinants of the employable work force. The book explains why in the equilibrium of a market economy, even under flexible wages, no jobs may be provided for people who are employable from an efficiency point of view. The economic determinants of equilibrium employment covered by the analysis of the book are: New forms of work organization, changes in the skill structure of the labor force, market power of key factors for organization, expectations of investors and international capital movements.

Segmented Labor Markets and Monetary Policy
Segmented Labor Markets and Monetary Policy

Author: Dong-Whan Ko

Publisher:

Published: 2015

Total Pages: 141

ISBN-13:

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This dissertation examines the impact of a segmented labor market on aggregate dynamics and discusses optimal monetary policy. The first chapter investigates whether differentials in labor market variables in segmented labor markets have an aggregate effect. I find a mechanism by which a segmented labor market model generates stickier aggregate nominal wages and thus more volatile output, employment ratio and unemployment rate. In the second chapter, I estimate the extended version of the model using a typical Bayesian estimation method in which the model incorporates several features that are common in medium-scale New Keynesian DSGE Models. The estimation results confirm the results obtained by the calibrated model of the first chapter. In particular, the estimates for the labor supply and demand elasticity of low-skilled workers are greater than those of high-skilled workers. In the third chapter, I discuss an optimal monetary policy, taking into account income inequality. The model shows that a tight monetary policy leads to an increase in income inequality. This increase in inequality induces stickier aggregate nominal wages. I also find that the income inequality poses a policy trade-off with traditional objectives. A quantitative analysis shows that a monetary policy that concerned aggregate variables only causes a larger welfare loss after idiosyncratic productivity shocks.

The Labor Market and Economic Adjustment
The Labor Market and Economic Adjustment

Author: Pierre-Richard Agénor

Publisher: International Monetary Fund

Published: 1995-11-01

Total Pages: 98

ISBN-13: 1451854781

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This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.