The Opportunity Cost of Labor and the Returns to Education under Unemployment and Labor Market Segmentation

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Abstract

I. Introduction, 469.—II. Segmented urban labor markets and the existence of voluntary unemployment, 472.—III. The employment-unemployment decision-making process, 473.—IV. Deriving the contribution of labor to output, 476.—V. Empirical evaluation, 479.

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Piñera et al. (Tue,) studied this question.

synapsesocial.com/papers/6a193ef2b71d9c859388cd43 https://doi.org/https://doi.org/10.2307/1883154

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