Comment on Robert M. Solow, “Insiders and Outsiders in Wage Determination”

Henryk Kierzkowski and Dennis J. Snower
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Henryk Kierzkowski: Graduate Institute of International Studies
Dennis J. Snower: University of London

A chapter in Trade Unions, Wage Formation and Macroeconomic Stability, 1986, pp 287-293 from Palgrave Macmillan

Abstract: Abstract Solow’s paper is concerned with explaining persistent unemployment in a fluctuating economy where labour is heterogeneous and employment decisions are linked through time. This surely is an important problem. It is also about time that we start thinking about the labour market as consisting not only of n identical clones but of individuals with different skills, education and experience. Can the skilled or the experienced keep the unskilled from getting jobs and would it be in their interest to do so? The latter question is easier to answer and the argument can be laid out in terms of a simple diagram (Fig. 1).

Keywords: Reservation Wage; Wage Determination; Efficiency Wage; Wage Contract; Solow Model (search for similar items in EconPapers)
Date: 1986
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DOI: 10.1007/978-1-349-08596-5_19

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