Efficiency Wages Versus Insiders and Outsiders

Assar Lindbeck and Dennis J. Snower
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Dennis J. Snower: University of London

A chapter in 40 Years of Research on Rent Seeking 2, 1987, pp 657-666 from Springer

Abstract: Abstract This paper aims to evaluate two competing microeconomic foundations of involuntary unemployment: the efficiency-wage theory and the insider-outsider theory. These theories compete not by being mutually exclusive, but by identifying different microeconomic sources of involuntary unemployment.

Date: 1987
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Journal Article: Efficiency wages versus insiders and outsiders (1987)
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DOI: 10.1007/978-3-540-79247-5_39

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