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The dual labour market (also referred to as the segmented labour market) theory aims at introducing a broader range of factors into economic research, such as institutional aspects, race and gender. [1] [citation needed] It divides the economy into two parts, called the "primary" and "secondary" sectors. The distinction may also be drawn ...
Labor market segmentation is the division of the labor market according to a principle such as occupation, geography and industry. [ 1 ] One type of segmentation is to define groups "with little or no crossover capability", such that members of one segment cannot easily join another segment. [ 2 ]
The Dual Sector model, or the Lewis model, is a model in developmental economics that explains the growth of a developing economy in terms of a labour transition between two sectors, the subsistence or traditional agricultural sector and the capitalist or modern industrial sector.
Michael Joseph Piore (born August 14, 1940) is an American economist and professor of economics and political science at the Massachusetts Institute of Technology.His research centers on labor economics, immigration, and innovation.
Split labor market theory traces the roots of racial/ethnic stratification to social and political differences that predate inter-group contact in the labor market, but the specific outcomes (caste system, exclusion, or something else) result mainly from the actions of the higher paid segment of the working class and their power relative to ...
A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy.
In conducting labor market research, IZA cooperates closely with the Economics Department at the University of Bonn and the department's graduate education program at the Bonn Graduate School of Economics. [10] IZA's main focus is the economic analysis of national and international labor markets within a broad range of research areas.
The Harris–Todaro model, named after John R. Harris and Michael Todaro, is an economic model developed in 1970 and used in development economics and welfare economics to explain some of the issues concerning rural-urban migration.