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[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.


Suggested Citation

Fields, G. S. (1994). Labour institutions and economic development: A conceptual framework with reference to Asia [Electronic version]. In G. Rodgers (Eds.), Workers, institutions and economic growth in Asia (pp. 113-148). Geneva, Switzerland: International Labour Organization, International Institute of Labour Studies.

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© International Labour Organization. Reprinted with permission. All rights reserved.