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nov 17 2 - Week 13: Structures of the Labor Market...

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Unformatted text preview: Week 13: Structures of the Labor Market Opportunities November 17, 2010 Sorenson and Kalleberg • Objective: to identify the conditions for the emergence of the matching process associated with the labor market structure assumed in the orthodox economic theory • Theoretical Hunch • Main Argument: how employers relate wages to performance in contingent on the employment relationship—specifically the extent of employee’s control over access to the job establishing an open relationship! • Employment Relationships o Open Relationships: employer “owns” the job o Closed Relationships: employee “owns” the job I.e., teachers! • Different Matching Processes o Wage Compensation: open relationships, wages are characteristics of individuals o Vacancy Compensation: closed relationships, wages are characteristics of jobs ...
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