Human Capital Investment Under Asymmetric Information

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Human Capital Investment Under Asymmetric Information

Author : Chun Chang
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Human Capital Investment Under Asymmetric Information by : Chun Chang

Download or read book Human Capital Investment Under Asymmetric Information written by Chun Chang and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This article investigates how human capital investment, labor turnover, and wages are jointly determined when the current employer knows more about a worker's productivity than potential employers. Results derived are quite different from, or unexplored by, the standard human capital theory. We show that the information asymmetry can cause an externality distortion in human capital investment because higher productivity due to the investment may not be recognized by the market. The investment level increases in the degree of firm specificity of human capital. The underinvestment problem is more severe when human capital is general than when it is firm-specific.

General Human Capital as a Shared Investment Under Asymmetric Information

Author : Shih-Chen Chiang
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (63 download)

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Book Synopsis General Human Capital as a Shared Investment Under Asymmetric Information by : Shih-Chen Chiang

Download or read book General Human Capital as a Shared Investment Under Asymmetric Information written by Shih-Chen Chiang and published by . This book was released on 1988* with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Human Capital and Growth Under Asymmetric Information and Variable Investment Horizons

Author : Hani R. Shammah
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.:/5 (385 download)

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Book Synopsis Human Capital and Growth Under Asymmetric Information and Variable Investment Horizons by : Hani R. Shammah

Download or read book Human Capital and Growth Under Asymmetric Information and Variable Investment Horizons written by Hani R. Shammah and published by . This book was released on 1997 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investment in Human Capital Under Endogenous Asymmetric Information

Author : Heski Bar-Isaac
Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (125 download)

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Book Synopsis Investment in Human Capital Under Endogenous Asymmetric Information by : Heski Bar-Isaac

Download or read book Investment in Human Capital Under Endogenous Asymmetric Information written by Heski Bar-Isaac and published by . This book was released on 2021 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: When is general training under-provided? We study this classic question in a model of a competitive labour market. Workers vary in firm-specific and general skills. Firms' choices of information disclosure play a key role. Disclosing general human capital information on bad matches, but revealing nothing about good matches, leads to an efficient allocation of workers. This also creates adverse selection that enables workers to pay for efficient training. This information structure resembles the outplacement support commonly found in professional services firms. Moreover, it implies that wages of released workers can be higher than wages of those who are retained.

General Training Under Asymmetric Information

Author : Eliakim Katz
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis General Training Under Asymmetric Information by : Eliakim Katz

Download or read book General Training Under Asymmetric Information written by Eliakim Katz and published by . This book was released on 1989 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Firms are unlikely to provide their employees with general training that makes them more desirable to competing firms. They are more likely to provide such training if it is difficult for other firms to measure the value of the training.

The risk of investment in human capital

Author : Simona Maria Raita
Publisher : Rozenberg Publishers
ISBN 13 : 9051705840
Total Pages : 176 pages
Book Rating : 4.0/5 (517 download)

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Book Synopsis The risk of investment in human capital by : Simona Maria Raita

Download or read book The risk of investment in human capital written by Simona Maria Raita and published by Rozenberg Publishers. This book was released on 2005 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Human Capital, Product Quality, and Growth

Author : Nancy L. Stokey
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Human Capital, Product Quality, and Growth by : Nancy L. Stokey

Download or read book Human Capital, Product Quality, and Growth written by Nancy L. Stokey and published by . This book was released on 1990 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growth model is developed in which finite-lived individuals invest in human capital, and investments have a positive external effect on the human capital of later cohorts. Heterogeneous labor is the only factor of production, and higher-quality labor produces higher-quality goods. Stationary growth paths, along which human capital and the quality of consumption goods grow at a common, constant rate, are studied. It is also shown that if a small economy is very advanced or very backward relative to the rest of the world, then its rate of investment in human capital is lower under free trade than under autarky.

Heterogeneity in Human Capital and Economic Growth

Author : Stefania Zotteri
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.X/5 (4 download)

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Book Synopsis Heterogeneity in Human Capital and Economic Growth by : Stefania Zotteri

Download or read book Heterogeneity in Human Capital and Economic Growth written by Stefania Zotteri and published by . This book was released on 2002 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cyclical Strikes and Human Capital Accumulation Under Asymmetric Information

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (632 download)

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Book Synopsis Cyclical Strikes and Human Capital Accumulation Under Asymmetric Information by :

Download or read book Cyclical Strikes and Human Capital Accumulation Under Asymmetric Information written by and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Strikes are totally inefficient from an economic point of view. They occur when the two parties that bargain over a contract do not find an agreement and the result is a loss of utility for both. In spite of their clear inefficiency in the real world strikes are very common both in the rich economies as well as in the poor countries. Moreover recent empirical literature found some regularities over time and over countries regarding the strike behavior of the Trade Unions. The aim of this paper is to develop a theory that could explain this apparent economic paradox as well as some of the most known regularities. At the same time we also aim to link the analysis of the strikes with the investment decisions of employers and workers in that particular kind of capital good known as Human Capital. This kind of approach can put under a new light the role played by the Trade Unions in the process of economic growth.

Human Capital Investment in Women and Men

Author : T. Paul Schultz
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Human Capital Investment in Women and Men by : T. Paul Schultz

Download or read book Human Capital Investment in Women and Men written by T. Paul Schultz and published by . This book was released on 1994 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investing in Your Company's Human Capital

Author : Jack J. Phillips
Publisher : Amacom Books
ISBN 13 : 9780814428948
Total Pages : 312 pages
Book Rating : 4.4/5 (289 download)

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Book Synopsis Investing in Your Company's Human Capital by : Jack J. Phillips

Download or read book Investing in Your Company's Human Capital written by Jack J. Phillips and published by Amacom Books. This book was released on 2005 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thorough explanation of human investment options from which an executive can make a better decision. -- Jac Fitz-enz, from the Foreword

Value Creation, Reporting, and Signaling for Human Capital and Human Assets

Author : M. Russ
Publisher : Springer
ISBN 13 : 1137472065
Total Pages : 392 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Value Creation, Reporting, and Signaling for Human Capital and Human Assets by : M. Russ

Download or read book Value Creation, Reporting, and Signaling for Human Capital and Human Assets written by M. Russ and published by Springer. This book was released on 2014-12-16 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The issues discussed in this book are the building blocks needed for an interdisciplinary theoretical framework that will allow for value creation and reporting by the most important assets organizations have, its human capital.

The Death of Human Capital?

Author : Phillip Brown
Publisher : Oxford University Press
ISBN 13 : 0190644338
Total Pages : 224 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis The Death of Human Capital? by : Phillip Brown

Download or read book The Death of Human Capital? written by Phillip Brown and published by Oxford University Press. This book was released on 2020-09-24 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human capital theory, or the notion that there is a direct relationship between educational investment and individual and national prosperity, has dominated public policy on education and labor for the past fifty years. In The Death of Human Capital?, Phillip Brown, Hugh Lauder, and Sin Yi Cheung argue that the human capital story is one of false promise: investing in learning isn't the road to higher earnings and national prosperity. Rather than abandoning human capital theory, however, the authors redefine human capital in an age of smart machines. They present a new human capital theory that rejects the view that automation and AI will result in the end of waged work, but see the fundamental problem as a lack of quality jobs offering interesting, worthwhile, and rewarding opportunities. A controversial challenge to the reigning ideology, The Death of Human Capital? connects with a growing sense that capitalism is in crisis, felt by students and the wider workforce, shows what's at stake in the new human capital while offering hope for the future.

Investment in Human

Author : Theodore W. Schultz
Publisher :
ISBN 13 :
Total Pages : 286 pages
Book Rating : 4./5 ( download)

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Book Synopsis Investment in Human by : Theodore W. Schultz

Download or read book Investment in Human written by Theodore W. Schultz and published by . This book was released on 1971 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The New Relationship

Author : Margaret M. Blair
Publisher : Brookings Institution Press
ISBN 13 : 0815723628
Total Pages : 408 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis The New Relationship by : Margaret M. Blair

Download or read book The New Relationship written by Margaret M. Blair and published by Brookings Institution Press. This book was released on 2002-07-31 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human capital and organizational capital are increasingly important as a source of value in many firms. But even as this is happening, organizational forms and employment relationships appear to be changing in ways that reduce loyalty and commitment and encourage mobility on the part of employees. Are these changes consistent in ways that contradict traditional theory and wisdom, or is the corporate sector getting a temporary boost in earnings by restructuring and cutting payrolls; but failing to make necessary new investments in human capital? The essays in this book provide intriguing new evidence on these questions. The contributors quantify the degree to which job stability is declining, and the costs of job loss to long-term workers; provide historical perspective on today's workplace changes; explore the reasons why work is being reorganized and decisionmaking tasks are being pushed downward; examine the rationale for and effect of equity-based compensation systems, both in old industries and in the newest high-tech sectors; and assess the "state of the art" of measuring and accounting for investments in human capital. This book is the result of a joint Brookings-MIT conference. In addition to the editors, authors include Eileen Appelbaum, Laurie Bassi, Avner Ben-Ner, Peter Berg, Joseph Blasi, Timothy Bresnahan, Eric Brynjolfsson, Allen Burns, Peter Cappelli, Greg Dow, Lorin Hitt, Douglas Kruse, Baruch Lev, Julia Liebeskind, Jonathon Low, Daniel McMurrer, Louis Putterman, Charles Schultze, and Anthony Siesfeld.

Investment in Human Capital

Author : Theodore William Schultz
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (484 download)

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Book Synopsis Investment in Human Capital by : Theodore William Schultz

Download or read book Investment in Human Capital written by Theodore William Schultz and published by . This book was released on 1961 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

New Analyses in Worker Well-Being

Author : Konstantinos Tatsiramos
Publisher : Emerald Group Publishing
ISBN 13 : 1783500573
Total Pages : 320 pages
Book Rating : 4.7/5 (835 download)

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Book Synopsis New Analyses in Worker Well-Being by : Konstantinos Tatsiramos

Download or read book New Analyses in Worker Well-Being written by Konstantinos Tatsiramos and published by Emerald Group Publishing. This book was released on 2013-11-13 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: In no economy do all employees fare equally. Some variation stems from innate worker heterogeneity, some from differential human capital investment, some from imperfect information, some from demand shocks, some from asymmetric technological change, and some from government policies.