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http://hdl.handle.net/10419/2860
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| Title: | | The insider-outsider theory : a survey  |
| Authors: | | Lindbeck, Assar Snower, Dennis J. |
| Issue Date: | | 2002 |
| Series/Report no.: | | IZA Discussion paper series 534 |
| Abstract: | | This article is an idiosyncratic survey of the insider-outsider theory, describing the vision underlying the theory, and evaluating salient contributions to the literature in the light of this vision. We also indicate what appear to have been dead-ends and red herrings in past research. The first section deals with the theory, concerning how labor turnover costs influence insider wages and outsiders? opportunities and how these costs affect employment and unemployment. We also address the more complex, and open, question of how employment and unemployment move through time, in response to labor market shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions and social norms. The third section confronts the relevant empirical evidence. Finally, the last section concludes by clarifying some common misunderstandings and identifying promising areas of future research. |
| Subjects: | | employment unemployment wages insiders outsiders social exclusion labor turnover costs unemployment persistence |
| JEL: | | J68 J63 J64 J24 J23 J31 J42 J51 J38 J32 J41 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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| dp534.pdf | | 513.83 kB | Adobe PDF |
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