Seniority Rules and the Persistence of Unemployment (original) (raw)

Oxford Economic Papers, 1994

Allan DrazenAllan Drazen

Abstract

RECENT research has emphasized the conflict of interest between 'insiders' and 'outsiders' in the labor market. Insiders are the employed workers or a subset of them, and they have priority in hiring relative to outsiders. The basic theme in this literature is that, for various reasons, ...

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