This book provides a description of a number of institutional features of the U.S. labor market and prompts an analytical debate about the origins of the institutions it describes and their significance for the operation of the U.S. economic system.
The original essays in this book discuss the origins and importance of these internal labor markets, providing new insights into their changing power and influence.
This innovative text grounds the economic analysis of labor markets and employment relationships in a unified theoretical treatment of labor exchange conditions. In addition to providing thorough coverage of standard topics including labor supply and demand, human capital theory, and compensating wage differentials, the text draws on game theory and the economics of information to study the implications of key departures from perfectly competitive labor market conditions. Analytical results are consistently applied to contemporary policy issues and empirical debates. Provides a coherent theoretical framework for the analysis of labor market phenomena Features graphical in-chapter analysis supplemented by technical material in appendices Incorporates numerous end-of-chapter questions that engage the analysis and anticipate subsequent results Includes innovative chapters on employee compensation methods, market segmentation, income inequality and labor market dynamics Balances theoretical, empirical and policy analysis
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.
Employment systems consist of complex arrays of formal and informal rules that structure the relationships between employees and employers. There are many different types of employment systems. Some are specified in considerable detail in collectively bargained quasilegal employment contracts, while others are left to discretion. This book describes the latter type of employment system-one in which there is an active market for knowl edge and skills. This is the salaried employment system of ForestCo-a large multiplant manufacturing company in the forest products industry. Here, supervisors and managers actively adjust the jobs and persons under their authority to meet the market, social, and institutional forces that influence the activities and performance of their departments. The study of employment systems is a relatively recent phenomenon, and few prior studies or theories were found to guide this investigation. Neither the scope nor the components of employment system studies are yet established. The field is confused and contested. Nevertheless, there is related literature which can be used to focus attention on different features of employment systems. One emerging body of work that holds the most promise for the study of employment systems is internal labor market (lLM) theory.
Aims to bring together, present, and discuss what is known about work and organizations and their connection to broader economic change in Europe and America. This volume contains a range of theoretically informed essays, which give comprehensive coverage of changes in work, occupations, and organizations.
The economic performance of a national economy, as shown by indicators such as the rate of unemployment and inflation, is heavily dependent on the operation of its external and internal labour markets. From this standpoint the book focuses on the functions of internal labour markets and their interaction with external labour markets, comparing those of the Japanese and Western styles. The differing mechanisms of internal labour markets are examined by a strong range of international contributors from Japan, North America and Europe.
The original essays in this book discuss the origins and importance of these internal labor markets, providing new insights into their changing power and influence.