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- Title
LABOUR MARKET SEGMENTATION IN BRITAIN.
- Authors
Mayhew, K.; Rosewell, B.
- Abstract
The article presents information on a study which evaluated the segmented labor market (SLM) theory in Great Britain. The mainstream neoclassical approach to labor economics has at its core a marginal productivity theory of demand and a theory of supply based on workers maximizing utility. The existence of SLMs was viewed as affecting the basic mechanisms underlying the operation of the labor market. Added to this was the common belief that insufficient stress had been placed on the role of monopolies and unions. Employers pick out employees from a job queue, with those at the head of the queue getting the best lifetime careers. Education and the other variables which determine an individual's position in the queue have only a weak direct relationship with productivity and earnings. Training and promotion within the internal labor market are the main determinants of career earnings. The policy prescriptions of the SLM writers concentrate on the demand side of the market, on public employment, wage subsidy and anti-discrimination programmes. Supply side intervention--particularly public education and training schemes--is played down.
- Subjects
UNITED Kingdom; LABOR market; MARKET segmentation; LABOR turnover; AFFINITY groups; OCCUPATIONAL mobility
- Publication
Oxford Bulletin of Economics & Statistics, 1979, Vol 41, Issue 2, p81
- ISSN
0305-9049
- Publication type
Article
- DOI
10.1111/j.1468-0084.1979.mp41002001.x