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Labor Economics: Modern Views pp 175–217Cite as

Structure, Process, and the Labor Market

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Part of the book series: Recent Economic Thought Series ((RETH,volume 4))

Abstract

In the late 1960s, attention focused on the persistence of poverty and of income differentials on the basis of sex and (especially) race. Neoclassical economic theorists such as Becker (1957) held that such differentials were the results of tastes for discrimination that were uneconomic and, thus, that they would tend to be eroded by the forces of competition. Another branch of standard economic theory, once again led by Becker (1964), held that poverty and racial differentials in income stemmed heavily from differences in human capital. This implied that improved education and training programs should enable poverty and racial differentials to be reduced.

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Authors
  1. Samuel R. Friedman
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  1. University of North Carolina, Chapel Hill, USA

    William Darity Jr.

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© 1984 Kluwer-Nijhoff Publishing

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Friedman, S.R. (1984). Structure, Process, and the Labor Market. In: Darity, W. (eds) Labor Economics: Modern Views. Recent Economic Thought Series, vol 4. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-5636-0_7

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  • DOI: https://doi.org/10.1007/978-94-009-5636-0_7

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