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For many years the operation of the internal labour market (ILM) was a topic to which economists devoted little attention. Recent years, however, have seen a plethora of research on the ILM by economists. The major theme implicit in much of this research has been the extension of concepts from mainstream neoclassical economics to the ILM. This work and associated research on labour market institutions has been termed the New Institutional Labour Economics (NILE) by some commentators.

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