Wages and Job Availability in Segmented Labour Markets

Charles C. Holt
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Charles C. Holt: University Of Texas at Austin

Chapter 11 in Unemployment in Western Countries, 1980, pp 385-419 from Palgrave Macmillan

Abstract: Abstract Ever since the institutional labour economists rejected classical economic theory over six decades ago, there has been a deeply troubling schism in the foundations of our discipline that still has not been satisfactorily resolved. As a result, our ability to forecast inflation and unemployment suffers, and our policy analyses of structural and demand issues are often not very enlightening.

Keywords: Labour Market; Minimum Wage; Wage Rate; Real Wage; Aggregate Demand (search for similar items in EconPapers)
Date: 1980
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DOI: 10.1007/978-1-349-16407-3_11

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