This paper is an effort to explain, in part, an empirical paradox in the U. S. labor market. Many types of behavior in this market, notably layoff and real wage behavior, have proved inexplicable if the labor market is modeled as a sequence of spot auction markets. However, if we treat trade in this market as being mediated via long-term contracts, we gain a great deal of explanatory power. A p...

The paper builds on the baseline Goodwin (1967) model which describes the reserve army mechanism of capitalist economies. We add to this model segmented labor markets as described in Marx’s Capital, Vol.I. The model exhibits a unique steady state solution which depends on the speeds with which workers are pushed into or out of the labor market segments. We investigate the stability properties o...

The paper integrates marriage matching with a collective model of spousal labor supplies with public goods and full spousal risk sharing. The paper derives testable implications of how changes in marriage market conditions affect spousal labor supplies. The model motivates a sufficient statistic for marriage market tightness that is specific to the marital match and highlights several empirical...

All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission, provided that full credit including © notice is given to the source. Abstract Scholars interested in race inequality have been particularly attracted to network accounts of the stratifying effects of social networks in the labor market. A recurring theme in policy‐oriented resea...

The Gradual Transformation of Continental European Labor Markets: France and Germany Compared Germany and France are both Continental European welfare states with severe labor market problems such as low employment and high and persistent unemployment which can be explained by labor market institutions that inhibit labor market adaptability. This paper analyzes recent reforms in core areas such...

The national shortage of nurses, which grew to crisis proportions in many communities in the late 1970s, has subsided. Recent evidence suggests that hospital nurse vacancy and turnover rates have declined significantly since 1979. The recent swift reversal in the availability of nurses, from shortage to waiting lists in some hospitals, has taken many by surprise. It also raises the possibility ...

In a perfectly stationary physical environment of the labor market, moral hazard and optimal termination in long-term contracts can generate two-period and much longer cycles in employment and output, and in other aggregate activities, including the creation and destruction of jobs, and the flows of workers entering and exiting employment. This theory sheds light on the unemployment volatility ...

this study aimed at identifying required competencies for the labor market by the graduates majoring in the agricultural extension education field. the study population included undergraduates, faculty members, and employers, as related to bachelor level in three extension and education departments at bu ali sina, tehran, and shiraz universities of iran. the study has employed both quantitative...