The Dual Us Labor Market Uncovered
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Author | : Hie Joo Ahn |
Publisher | : |
Total Pages | : 0 |
Release | : 2023 |
Genre | : |
ISBN | : |
Download The Dual U.S. Labor Market Uncovered Book in PDF, Epub and Kindle
Aggregate U.S. labor market dynamics are well approximated by a dual labor market supplemented with a third, predominantly, home-production segment. We uncover this structure by estimating a Hidden Markov Model, a machine-learning method. The different market segments are identified through (in-)equality constraints on labor market transition probabilities. This method yields time series of stocks and flows for the three segments for 1980-2021. Workers in the primary sector, who make up around 55 percent of the population, are almost always employed and rarely experience unemployment. The secondary sector, which constitutes 14 percent of the population, absorbs most of the short-run fluctuations, both at seasonal and business cycle frequencies. Workers in this segment experience six times higher turnover rates than those in the primary tier and are ten times more likely to be unemployed than their primary counterparts. The tertiary segment consists of workers who infrequently participate in the labor market but nevertheless experience unemployment when they try to enter the labor force. Our individual-level analysis shows that observable demographic characteristics only explain a small part of the cross-individual variation in segment membership. The combination of the aggregate and individual-level evidence we provide points to dualism in the U.S. labor market being an equilibrium division of labor, under labor market imperfections, that minimizes adjustment costs in response to predictable seasonal as well as unpredictable business cycle fluctuations.
Author | : Samuel Rosenberg |
Publisher | : |
Total Pages | : 398 |
Release | : 1975 |
Genre | : Employment (Economic theory) |
ISBN | : |
Download The Dual Labor Market Book in PDF, Epub and Kindle
Author | : Thierry J. Noyelle |
Publisher | : Routledge |
Total Pages | : 139 |
Release | : 2019-04-11 |
Genre | : Business & Economics |
ISBN | : 0429721846 |
Download Beyond Industrial Dualism Book in PDF, Epub and Kindle
This book attempts to identify some principal dimensions of the process of market and job restructuring by means of case studies of service companies. It places special emphasis on the job restructuring issue and, in particular, on the decline of internal labor markets in the U.S. economy.
Author | : Gilles Saint-Paul |
Publisher | : |
Total Pages | : 222 |
Release | : 2014-05-14 |
Genre | : Labor market |
ISBN | : 9780262282826 |
Download Dual Labor Markets Book in PDF, Epub and Kindle
Author | : Patrick F. Mason |
Publisher | : |
Total Pages | : 207 |
Release | : 1978 |
Genre | : |
ISBN | : |
Download The Dual Labor Market Theory and the Critical Sensitivity of the Secondary Labor Market in California Book in PDF, Epub and Kindle
Author | : Normann Rion |
Publisher | : |
Total Pages | : |
Release | : 2020 |
Genre | : |
ISBN | : |
Download Fluctuations in a Dual Labor Market Book in PDF, Epub and Kindle
Author | : Douglas Bradley Klayman |
Publisher | : |
Total Pages | : 202 |
Release | : 1998 |
Genre | : Discrimination in employment |
ISBN | : |
Download Job Displacement in the Dual Labor Market Book in PDF, Epub and Kindle
Author | : Paul James Andrisani |
Publisher | : |
Total Pages | : 149 |
Release | : 1973 |
Genre | : Discrimination in employment |
ISBN | : |
Download An Empirical Analysis of the Dual Labor Market Theory Book in PDF, Epub and Kindle
Author | : Patrick F. Mason |
Publisher | : |
Total Pages | : 414 |
Release | : 1978 |
Genre | : |
ISBN | : |
Download ˜Theœ Dual Labor Market Theory and the Caclical Sensitivity of the Secondary Labor Market in California Book in PDF, Epub and Kindle
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 1973 |
Genre | : |
ISBN | : |
Download Empirical Analysis of the Dual Labor Market Theory Book in PDF, Epub and Kindle