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

Sebastián Piñera; Marcelo Selowsky

doi:10.2307/1883154

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

Sebastián Piñera; Marcelo Selowsky¹

¹ World Bank

Quarterly Journal of Economics 1978

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.

DOI: 10.2307/1883154
Volume: 92 (3)
Pages: 469
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