Market Failure, Human Capital, and Job Search Dynamics in South Africa: The Case of Duncan Village
Working Paper
2005-09
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University of Cape Town
Development Policy Research Unit
University of Cape Town
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Development and Poverty Research Unit Working Paper Development Policy Research Unit Working Paper 05/098
Abstract
This paper argues that the economic literature on unemployment and poverty in South Africa has under-explored potentially important feedback mechanisms which, because they serve to change the structure of labour markets and affect human capital trajectories, serve to endogenise labour market exclusion.
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Reference:
Duff, P., Fryer, D. 2005-09. Market Failure, Human Capital, and Job Search Dynamics in South Africa: The Case of Duncan Village. Development and Poverty Research Unit Working Paper Development Policy Research Unit Working Paper 05/098. University of Cape Town.