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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 ...
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.
Many such jobs feature high turnover, and/or variable demand. Employers are reluctant to invest in such workers, via advanced training or other employee development activities. Wages are low, and the terms and conditions of the job are less favorable. [9] The two key formulations are labor market theory and internal labor market theory.
A textbook treatment of the matching approach to labor markets is Christopher A. Pissarides' book Equilibrium Unemployment Theory. [1] Mortensen and Pissarides, together with Peter A. Diamond, were awarded the 2010 Nobel Prize in Economics for 'fundamental contributions to search and matching theory'. [2]
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 ...
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.
However, the labour market differs from other markets (like the markets for goods or the financial market) in several ways. In particular, the labour market may act as a non-clearing market. While according to neoclassical theory most markets quickly attain a point of equilibrium without excess supply or demand, this may not be true of the ...
UCLA faculty and graduate student research on labor-related topics in multiple academic disciplines. [11] The Working Papers series currently holds 71 publications published from 2006 to 2014. [14] From 2001 to 2004, the IIR published The State of California Labor, which examines the key developments in California labor. The journal includes ...