Recent years have seen the increasing interest of economists in the behaviour of firms in relation to their employees. The result is a reduction in the dichotomy of subject matter between industrial relations and labour economics. Despite this, substantial differences still exist, particularly between the approach of neoclassical economists and those (both economists and others) working outside this tradition. These differences are both theoretical and methodological and suggest a need for researchers examining the internal labour market to build bridges in their efforts to understand how firms price and allocate their labour. It is also suggested that a greater emphasis on the testing of competing hypotheses would be useful in this respect.
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