- A Personal View of the Origin of Post-Keynesian Ideas in the History of Economics
- Sraffa, Keynes, and Post-Keynesianism
- Sraffa, Keynes, and Post-Keynesians Suggestions for a Synthesis in the Making
- On the Notion of Equilibrium or the Center of Gravitation in Economic Theory
- Keynesian Foundations of Post-Keynesian Economics
- Post-Keynesian Theories of Money and Credit Conflicts and (some) Resolutions
- The Scientific Illusion of New Keynesian Monetary Theory
- Single-Period Analysis and Continuation Analysis of Endogenous Money A Revisitation of the Debate between Horizontalists and Structuralists
- Post-Keynesian Monetary Economics, Godley-Like
- Hyman Minsky and the Financial Instability Hypothesis
- Endogenous Growth A Kaldorian Approach
- Structural Economic Dynamics and the Cambridge Tradition
- The Cambridge Post-Keynesian School of Income and Wealth Distribution
- Reinventing Macroeconomics What are the Questions?
- Long-Run Growth in Open Economies Export-led Cumulative Causation or a Balance-of-payments Constraint?
- Postkeynesian Precepts for Nonlinear, Endogenous, Nonstochastic, Business Cycle Theories
- Post-Keynesian Approaches to Industrial Pricing A Survey and Critique
- Post-Keynesian Price Theory From Pricing to Market Governance to the Economy as a Whole
- Kaleckian Economics
- Wages Policy
- Discrimination in the Labor Market
- Post-Keynesian Perspectives on Economic Development and Growth
- Keynes and Economic Development
- Post-Keynesian Economics and the Role of Aggregate Demand in Less-Developed Countries
Abstract and Keywords
A “flexible labor market” has been a central policy objective of British governments for thirty years. In 1992, the OECD defined a “flexible labor market” as one “where employment is little regulated (in terms of pay, working hours, restrictions on dismissal, etc.) the creation of low-paid, part-time, short-term or otherwise non-standard jobs is unconstrained, and there is a high level of job turnover, employers screen less intensively before hiring.” This definition gives the game away; what is being advocated is demand-side flexibility. However, employment segregation suggests supply-side inflexibility. Research on employment discrimination has concentrated on three main areas: wages, success in obtaining jobs, and job classifications. Economists attempt to explain observed differences in wages, success in obtaining jobs, and occupational/job distribution between groups on the basis of age, race, and sex.
Peter Riach is a Research Fellow of The Institute for the Study of Labor (IZA), Bonn.
Judith Rich is a reader in the Department of Economics at the University of Portsmouth.
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