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Theoretical perspectives of labour market: Labour markets and inequality,…
- Theoretical perspectives of labour market: Labour markets and inequality
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Explantions for unemployement:
- minimum-wage explanation
- efficiency-wage explanation
- insiders- outsiders theory explanation
INSIDERS: protected for risk
OUTSIDERS: not protected
Insiders have privileged position
- good social status
- insiders have power to push the outsiders outwards
LINDBECK & SNOWER
- power of the 'incumbent insiders' employees
- power of the insiders in the wage setting procedure and unemployment
- different policy interests
- KORPI: redistribution of recources (power of diffrent classes in society)
- trade unions and protection of insiders
(POWER RESOURCES)
- VARIETY OF CAPITALISM THEORY: generosity of unemployment benifits and welfare
CME vs LME
= industrial divide
- primary and secondary markets
- internal and external sectors
- core and peripheral workforce
= before people enter the labour market (economic, social and educational structure)Distinguish between broad socia groups in labour market (= social stratification)
- women
- ethnic minorities
- young people
- elderly
--> power of specific occupation
--> barriers of mobility (bad)
--> good barriers
Variety of economic, social and political divedes
- LMEs: widespread towards low-skilled
- CME (Nordic): Less widespread and biased towards woman
- CME (Continental): gendered labour market segmentation
- MME: less segmentation and job conditions
- deepening of existing institiutional dualisme
- widening of existing institutional dualism
interconection between labour markets, social protection and welfare
- EPL: employement protection legislation
- link betweeen labour markets and social protection and policies
Explaining labour market segmenation as the result of processes of:
- inclusion/ exclusion
- discrimination
- social structures
= an administrative unit, such as a manufacturing plant, within which te pricing and allocation of labour is governed by a set of administrative rules and procedures
- enterprise-skill specificity
(job specifity/ technology specificity/ skill specificity)
- on-the-job training
(blue coller vs white collar)
- custom carreer opportunities
- The allocative structuture: open and close
- The wage determination