Integrating the internal and external labour markets

Evidence of shifts towards atomised relations in the labour market appears to conflict with economic theories of the internal labour market. The problem, however, lies not with the irrelevance of internal labour market systems and broader institutional structures, but rather with the misspecificatio...

Full description

Saved in:
Bibliographic Details
Published in:Cambridge journal of economics 1998-03, Vol.22 (2), p.199-220
Main Authors: Grimshaw, Damian, Rubery, Jill
Format: Article
Language:English
Subjects:
Bargaining power
Economic models
Economic theory
Economics
Employee relations
Employees
Employment
Integrated approach
Labor economics
Labor market
Labor markets
Labour
Labour market
Labour market participation
Market conditions
Market segmentation
Studies
Transaction costs
Unemployment
Wages
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Evidence of shifts towards atomised relations in the labour market appears to conflict with economic theories of the internal labour market. The problem, however, lies not with the irrelevance of internal labour market systems and broader institutional structures, but rather with the misspecification of theoretical analysis. New institutional and labour market segmentation models are typically restricted to a static, dualistic framework of comparative forms of work organisation. This paper outlines a dynamic approach to the study of internal labour markets. We argue that internal and external competitive pressures mutually interact to shape employer strategy and the relative labour market positions of employees.
ISSN:0309-166X
1464-3545
DOI:10.1093/oxfordjournals.cje.a013711