Insider-outsider model

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Insider-outsider model is a model that divides workers into "insiders" already working for the firm who know the procedures and "outsiders" who are recent or prospective hires.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Insider-outsider model. A model that divides workers into "insiders" already working for the firm who know the procedures and "outsiders" who are recent or prospective hires.
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