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Labour Market Segmentation: Wage Differentials And Hysteresis Effects

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  • W.D. MCCAUSLAND
  • I. THEODOSSIOU

Abstract

Competitive labour market analysis proposes that an individual's human capital endowment is the main mechanism for pay determination. This study develops a model to highlight hysteresis effects on either investment in physical capital for firms or investment in human capital for workers on wage differentials.

Suggested Citation

  • W.D. Mccausland & I. Theodossiou, 2005. "Labour Market Segmentation: Wage Differentials And Hysteresis Effects," Australian Economic Papers, Wiley Blackwell, vol. 44(1), pages 65-81, March.
    • Handle: RePEc:bla:ausecp:v:44:y:2005:i:1:p:65-81
    DOI: 10.1111/j.1467-8454.2005.00249.x
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    References listed on IDEAS

    as
    1. J. R. Hicks, 1963. "The Theory of Wages," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-00189-7.
    2. Paul Ryan, 1990. "Job Training, Individual Opportunity and Low Pay," Palgrave Macmillan Books, in: Alex Bowen & Ken Mayhew (ed.), Improving Incentives for the Low-Paid, chapter 6, pages 181-223, Palgrave Macmillan.
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