Human Capital, Employment and Bargaining
Cambridge University Press, 5/18/1995
EAN 9780521453264, ISBN10: 0521453267
Hardcover, 220 pages, 22.9 x 15.2 x 1.6 cm
Language: English
This book examines human capital investment, employment and bargaining at the level of the firm. It attempts a summary of results that incorporate both human capital investment and employment decisions within firm union bargaining models, emphasising investment in teams, or groups, of workers. The authors also examine human capital in relation to labour demand as well as the delineation between neoclassical and coalitional firms. Further they investigate connections between, on the one hand, turnover costs and firm-specific human capital and, on the other, unemployment. Labour market policy topics recur throughout the book and include the choice between pure wage and profit sharing remuneration systems, the issue of whether training should be subsidized by governments, and work-sharing versus layoff decisions. This book is aimed mainly at the academic economics profession, but is easily accessible to final-year undergraduate and postgraduate students.
1. Overview
2. Labour demand and efficient contract models
3. Turnover costs, firm-specific training and employment
4. Employment and bargaining
5. Choice of compensation, unemployment insurance and policy issues
6. Team-related human capital and bargaining
7. Coalitional versus neoclassical firms
8. Future developments.