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1978•The Quarterly Journal of EconomicsRequires access

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

Sebastián Piñera, Marcelo Selowsky

Open publisher page 29 citations

Abstract

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.

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What this paper is about

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.

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OpenAlex reports 29 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

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.

Key concepts: Unemployment, Labour economics, Labor market segmentation, Economics, Market segmentation, Microeconomics, Economic growth

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