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PPE Notes University Of Oxford PPE Notes

Premium Labour Economics: Internal Labour Markets Notes - Sample PDF

Description

Definition
Features
Theoretical Background
Extent
Advantages
Disadvantages
Job tenure
Overriding paradigm
Permissive Conditions
Information Costs
Mobility Costs
Efficiency Wages
Deferred Compensation - Becker and Stigler (1974)
Evidence:
Medoff & Abraham (1981): pay rises more with tenure than productivity
Lazear (1979): earnings increases are slower for the self-employed
De Oliveira (1989): wages increase more slowly than MP for short-term workers. Wages increase more rapidly than MP for long term workers.
Theoretical Context:
PA Theory
Williamson, Wachter & Harris (1975)
Practice Essay Plan: Why do firms internalise some workers and not others

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Labour Economics: Internal Labour Markets Notes

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What is included?

  • This product contains 1 documents
  • Approximately 9 pages

Highlights

  • Grade: First
  • Institution: University Of Oxford (unaffiliated)
  • Country: United Kingdom
  • Level: Undergraduate

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