Pub. date: 2008 | Online Pub. Date: May 28, 2008 | DOI: 10.4135/9781412963930 | Print ISBN: 9781412941655 | Online ISBN: 9781412963930| Publisher:SAGE Publications, Inc.About this encyclopedia
Whereas economists analyze labor markets in terms of fluctuations in supply and demand for workers in various occupations, sociologists focus on other factors that influence employers' decisions to hire individuals and workers' ability to position themselves advantageously. Most sociological research explores how employees' human capital (i.e., education and training) prepares them for labor force entry and assists them in securing employment. Early attempts were made to distinguish between external and internal labor markets, with the former referring to recruitment outside of any particular organization's jurisdiction and the latter reflecting employers' use of career ladders and incentives to identify Another ...