Question 1

The radical theory of segmentation emphasises the importance of which of the following?

Accepted Answer

A)  the persistence of discrimination as a driver of labour market segmentation 
B)  the elimination of wage and employment competition between workers as these provide a dis-incentive to invest in on-the-job training 
C)  the creation of segmented labour markets as a response to the desire to minimise training costs 
D)  the creation of career ladders and rewards to firm tenure as a way of creating employment stability 
A)  the persistence of discrimination as a driver of labour market segmentation 
B)  the elimination of wage and employment competition between workers as these provide a dis-incentive to invest in on-the-job training 
C)  the creation of segmented labour markets as a response to the desire to minimise training costs 
D)  the creation of career ladders and rewards to firm tenure as a way of creating employment stability D

Question 2

Empirically, labour market segmentation has not been based upon the identification of which of the following?

Accepted Answer

A)  When empirically identifying a priori occupational or industrial labour market segmentation, truncation bias results in which of the following? 
B)  a low skill sector with no on-the-job training 
C)  a high skill sector with limited employee mobility 
D)  non-economic barriers between sectors preventing mobility 
A)  When empirically identifying a priori occupational or industrial labour market segmentation, truncation bias results in which of the following? 
B)  a low skill sector with no on-the-job training 
C)  a high skill sector with limited employee mobility 
D)  non-economic barriers between sectors preventing mobility C

Question 3

According to Piore (1975), the upper tier of the primary sector is differentiated from the lower tier by which of the following aspects?

Accepted Answer

A)  higher staff turnover 
B)  less career advancement opportunities 
C)  more rigid administrative rules 
D)  lower wages 
A)  higher staff turnover 
B)  less career advancement opportunities 
C)  more rigid administrative rules 
D)  lower wages A

Question 4

When empirically identifying a priori occupational or industrial labour market segmentation, truncation bias results in which of the following?

Accepted Answer

A)  naturally lower estimated returns to education in the secondary sector 
B)  a natural equalisation of the estimated returns to education in primary and secondary sectors 
C)  a clustering of observations in the secondary sector 
D)  a natural reduction in the returns to human capital in the primary sector 
A)  naturally lower estimated returns to education in the secondary sector 
B)  a natural equalisation of the estimated returns to education in primary and secondary sectors 
C)  a clustering of observations in the secondary sector 
D)  a natural reduction in the returns to human capital in the primary sector

Question 5

According to Doeringer and Piore (1971), secondary sector jobs will exhibit which of the following traits?

Accepted Answer

A)  good promotion opportunities 
B)  high staff turnover 
C)  employment stability 
D)  amenable working conditions 
A)  good promotion opportunities 
B)  high staff turnover 
C)  employment stability 
D)  amenable working conditions

Question 6

The job competition model of Thurow (1970) emphasises which of the following as a reason for labour market segmentation?

Accepted Answer

A)  to reduce discrimination 
B)  to reduce staff turnover 
C)  to minimise training costs 
D)  to establish formal rules for hiring and promotion 
A)  to reduce discrimination 
B)  to reduce staff turnover 
C)  to minimise training costs 
D)  to establish formal rules for hiring and promotion

Question 7

Which of the following does not encapsulate the principles behind the theory of equalising differences?

Accepted Answer

A)  jobs where there is a high risk of failure will be paid more than those where there is a high chance of success 
B)  workers will need a higher wage to perform dangerous work 
C)  jobs that take longer to learn will offer a higher wage 
D)  seasonally employed agricultural workers will receive a lower wage because of their part-time employment 
A)  jobs where there is a high risk of failure will be paid more than those where there is a high chance of success 
B)  workers will need a higher wage to perform dangerous work 
C)  jobs that take longer to learn will offer a higher wage 
D)  seasonally employed agricultural workers will receive a lower wage because of their part-time employment

Question 8

The American Institutionalist School emphasises the existence of which feature of modern economies?

Accepted Answer

A)  managerial vacancies that are filled only by internal candidates 
B)  large bureaucratic corporations with well-established administrative rules 
C)  a constant level of trade union representation 
D)  discrimination against minority groups 
A)  managerial vacancies that are filled only by internal candidates 
B)  large bureaucratic corporations with well-established administrative rules 
C)  a constant level of trade union representation 
D)  discrimination against minority groups

The radical theory of segmentation emphasises the importance of which of the following?

Empirically, labour market segmentation has not been based upon the identification of which of the following?

According to Piore (1975), the upper tier of the primary sector is differentiated from the lower tier by which of the following aspects?

When empirically identifying a priori occupational or industrial labour market segmentation, truncation bias results in which of the following?

According to Doeringer and Piore (1971), secondary sector jobs will exhibit which of the following traits?

The job competition model of Thurow (1970) emphasises which of the following as a reason for labour market segmentation?

Which of the following does not encapsulate the principles behind the theory of equalising differences?

The American Institutionalist School emphasises the existence of which feature of modern economies?

Labour Force Participation

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Extensions of Labour Demand: Mismatches in the Labour Market

Trade Unions

Bargaining and Conflict

Wage Incentives

Labour Market Policy

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Exam 8: The Structure of Labour Markets

The radical theory of segmentation emphasises the importance of which of the following?

Empirically, labour market segmentation has not been based upon the identification of which of the following?

According to Piore (1975), the upper tier of the primary sector is differentiated from the lower tier by which of the following aspects?

When empirically identifying a priori occupational or industrial labour market segmentation, truncation bias results in which of the following?

According to Doeringer and Piore (1971), secondary sector jobs will exhibit which of the following traits?

The job competition model of Thurow (1970) emphasises which of the following as a reason for labour market segmentation?

Which of the following does not encapsulate the principles behind the theory of equalising differences?

The American Institutionalist School emphasises the existence of which feature of modern economies?

Labour Force Participation

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Extensions of Labour Demand: Mismatches in the Labour Market

Trade Unions

Bargaining and Conflict

Wage Incentives

Labour Market Policy

Filters