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What are the theories of transition from school into the labor force?

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User Chhenni
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Final answer:

Two theories of transition from school into the labor force are convergence theory and the dual sector economy.

Step-by-step explanation:

In the context of the transition from school into the labor force, there are several theories that explain this process. One theory is convergence theory, which suggests that as a country's economy grows, its societal organization changes to become more like that of an industrialized society. Another theory is the dual sector economy, proposed by economist Sir W. Arthur Lewis, which states that low-skilled workers have a greater marginal product in the manufacturing sector compared to the agricultural sector. This theory suggests that the transition of the labor force is driven by the need for low-skilled workers in the manufacturing sector.

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User Edrick
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