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Primary and Secondary Labor Markets: A Critique of the Dual Approach

Brookings Papers on Economic ActivityPublished 1 January 1974
Michael L. Wachter, Robert Gordon, Michael J. Piore, Robert E. Hall
Citations159
SJR quartileQ1
SJR score3.88
SNIP3.59

Abstract

OVER THE PAST several years, a number of economists have developed what is called the "dual labor market" theory.Much of this work has been empirical or descriptive in nature and has been heavily oriented towards the specific policy problem of poverty and unemployment.'The popularity of this theory has been fed by claims that it is nonneoclassical if not antineoclassical in substance, and that it could solve certain empirical puzzles

Keywords

Social SciencesEconomics, Econometrics and Finance