Inequality and Attainment in a Dual Labor Market

Abstract
Models of wage determination and sector attainment are estimated for a cohort of young men in a dual labor market. Neoclassical economic vs. dual labor market views on market equilibrium are contrasted. Although schooling is rewarded similarly in the primary and secondary sectors, other results support the dual labor market view that employment in the primary sector is rationed via a queuing mechanism.

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