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Labour Institutions And Economic Development: A Conceptual Framework With Reference To Asia, Gary S. Fields

Gary S Fields

[Excerpt] In this chapter, I set forth a framework for analysing how labour markets function under existing institutional arrangements and predicting how they would respond to alternative changes and policy interventions. I seek to blend logical rigour with institutional realism in a stylized way. My approach borrows from orthodox neoclassical analysis where relevant, and departs from those characterizations when the standard assumptions are empirically untenable.