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Article: Labor Market Segmentation
- Article from:
- International Encyclopedia of the Social Sciences
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Labor Market Segmentation
BIBLIOGRAPHY
Labor market segmentation theory (LMS) has two principle elements: (1) the labor market can be modeled as consisting of a small number of distinct markets offering different wages, and (2) workers, particularly those from racial and ethnic minorities, women, and new entrants, cannot necessarily find employment in the segment that offers them the highest compensation.
The most common version of LMS is the dual labor market model. This divides the labor market into a primary labor market with well-developed internal labor markets, offering secure long-term employment and higher wages for well-educated, experienced, and senior workers, and a ...