Abstract
In a model with continuous entry and exit to the labor market, it is shown that workers exploit their monopoly power by adopting a seniority system implying youth unemployment or an age determined insider-outsider distinction. The incentives of young outsiders to unberbid are curtailed by their expectation of becoming insiders in the future
| Originalsprog | Engelsk |
|---|---|
| Tidsskrift | Journal of Economics |
| Vol/bind | 61 |
| Udgave nummer | 1 |
| Sider (fra-til) | 1-10 |
| Antal sider | 10 |
| ISSN | 0931-8658 |
| Status | Udgivet - 1995 |
| Udgivet eksternt | Ja |