The Theory of “Dual” or Segmented Labor Markets

Abstract

What causes un(and under-) employment and poverty? Economists and other social scientists approach this question from theoretical positions which vary in many important respects. To make matters even more difficult for the policy maker, the disputes among different schools of social scientists about the causes of poverty and underemployment are only partly subject to adjudication by appeal to empirical information, since even the very rules of evidence are at issue. Indeed, some of the disputants

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