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Author : Chongen Bai
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.E/5 ( download)
Download or read book Wage Contracts and Specific Human Capital Investment Under Uncertainty written by Chongen Bai and published by . This book was released on 1992 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Chong-En Bai
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Uncertainty in Labor Productivity and Specific Human Capital Investment written by Chong-En Bai and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The degree of uncertainty in a worker's productivity is affected by many factors, such as worker-employer matching, technology, and macroeconomic conditions. Not surprisingly, uncertainty in labor productivity (ULP) varies across firms, industries, and economies. The question arises: How do variations in ULP affect specific human capital (SHC) investment, wage, and labor turnover? We use a model of fixed wage contracts to show that greater ULP can lead to either a higher or lower SHC investment, wage offer, and probability of separation, depending on the initial level of ULP. Wage and SHC are always positively correlated, but SHC investment and labor turnover do not have a monotonic relationship. These results have implications for empirical studies and public policies affecting ULP.
Author : Chong-en Bai
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (753 download)
Download or read book Specific Human Capital Investment and Turnover Under Uncertainty written by Chong-en Bai and published by . This book was released on 1994 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert A. Hart
Publisher : Cambridge University Press
ISBN 13 : 0521453267
Total Pages : 222 pages
Book Rating : 4.5/5 (214 download)
Download or read book Human Capital, Employment and Bargaining written by Robert A. Hart and published by Cambridge University Press. This book was released on 1995-05-18 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines human capital investment, employment and bargaining at the level of the firm. It attempts the first summary of results that incorporates 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 subsidised by governments, worksharing versus layoff decisions, payroll tax incidence and the choice of compensation system as well as the role of human capital in influencing a firm's voluntary ex ante decision as to whether or not to bargain with an established union.
Author : Lester C. Thurow
Publisher :
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.:/5 (39 download)
Download or read book Investment in Human Capital written by Lester C. Thurow and published by . This book was released on 1970 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Daniel Parent
Publisher : CIRANO
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.E/5 ( download)
Download or read book Industry-specific Capital and the Wage Profile written by Daniel Parent and published by CIRANO. This book was released on 1995 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yunfei He
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (835 download)
Download or read book An Empirical Study of the Relationship Between Specific Human Capital Investment and Separation While Controlling Uncertainty in Labor Productivity written by Yunfei He and published by . This book was released on 2006 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Empirical Study of the Relationship Between Specific Human Capital Investment and Separation While Controlling Uncertainty in Labor Productivity written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James Alan Shope
Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.:/5 (85 download)
Download or read book Investment in Human Capital Under Uncertainty written by James Alan Shope and published by . This book was released on 1998 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Bipasa Datta
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (37 download)
Download or read book Borrowing Constraints and Human Capital Investment Under Uncertainty written by Bipasa Datta and published by . This book was released on 1996 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Assaf Razin
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (654 download)
Download or read book On Investment in Human Capital Under Uncertainty written by Assaf Razin and published by . This book was released on 1972 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Margaret M. Blair
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (129 download)
Download or read book Firm-Specific Human Capital and Theories of the Firm written by Margaret M. Blair and published by . This book was released on 2003 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on contracting problems in firms caused by asset specificity and investment incentives, particularly the problems that arise when employees make investments in quot;firm specific human capital.quot; In such cases, employee investments will also be seriously at risk in the enterprise.Under the nexus of contracts theory of corporations, corporation law is viewed as providing a standardized solution to a central contracting problem, namely the agency problem between shareholders (who are assumed to be the quot;ownersquot; of the firm) and their hired managers. All other relationships are seen as governed by ordinary, negotiated contracts. But where employees make important specific investments, it is no longer appropriate to assume that shareholders are, and should be, the hiring party, or the quot;owners.quot; A broader view of what a firm is, and what corporation law accomplishes, is needed, one that permits exploration of why one set of participants in the firm might end up with certain control rights rather than some other set. For a firm in which such firm-specific employee investments are important, one would expect, for example, to find institutional arrangements that are central to the nature of the firm and that encourage continuity in the relationships between employees and the firm, as well as give employees the means to protect their stakes. Such institutions might include unions, severance pay, and social norms of lifetime employment, together with internal job ladders, career paths, seniority rules, and direct and formal control rights. The paper then reviews several new theories that view the firm alternately as a system of incentives, or as a nexus of specific investments. In other words, they conceptualize the firm as a mechanism for governing the relationships among all the participants (those who contribute labor as well as those who contribute capital), not just the relationship between shareholders and managers.
Author : Harriet Duleep
Publisher : Springer Nature
ISBN 13 : 3030470830
Total Pages : 270 pages
Book Rating : 4.0/5 (34 download)
Download or read book Human Capital Investment written by Harriet Duleep and published by Springer Nature. This book was released on 2021-04-28 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1965, a family-reunification policy for admitting immigrants to the United States replaced a system that chose immigrants based on their national origin. With this change, a 40-year hiatus in Asian immigration ended. Today, over three-quarters of US immigrants originate from Asia and Latin America. Two issues that dominate discussions of US immigration policy are the progress of post-reform immigrants and their contributions to the US economy. This book focuses on the earnings and human capital investment of Asian immigrants to the US after 1965. In addition, it provides a primer on studying immigrant economic assimilation, by explaining economists’ methodology to measure immigrant earnings growth and the challenges with this approach. The book also illustrates strategies to more fully use census data such as how to measure family income and how to use “panel data” that is embedded in the census. The book is a historical study as well as an extremely timely work from a policy angle. The passage of the 1965 Immigration and Nationality Act set the United States apart among economically developed countries due to the weight given to family unification. Based on analyses by economists—which suggest that the quality of immigrants to the US fell after the 1965 law—policymakers have called for fundamental changes in the US system to align it with the immigration systems of other countries. This book offers an alternative view point by proposing a richer model that incorporates investments in human capital by immigrants and their families. It challenges the conventional model in three ways: First, it views the decline in immigrants’ entry earnings after 1965 as due to investment in human capital, not to permanently lower “quality.” Second, it adds human capital investment and earnings growth after entry to the model. And finally, by taking investments by family members into account, it challenges the policy recommendation that immigrants should be selected for their occupational qualifications rather than family connections.
Author : Robert K. Dixit
Publisher : Princeton University Press
ISBN 13 : 1400830176
Total Pages : 484 pages
Book Rating : 4.4/5 (8 download)
Download or read book Investment under Uncertainty written by Robert K. Dixit and published by Princeton University Press. This book was released on 2012-07-14 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.
Author : Frank H. Knight
Publisher : Cosimo, Inc.
ISBN 13 : 1602060053
Total Pages : 401 pages
Book Rating : 4.6/5 (2 download)
Download or read book Risk, Uncertainty and Profit written by Frank H. Knight and published by Cosimo, Inc.. This book was released on 2006-11-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Author : United Nations. Economic Commission for Europe. Task Force on Measuring Human Capital
Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.:/5 (31 download)
Download or read book Guide on Measuring Human Capital written by United Nations. Economic Commission for Europe. Task Force on Measuring Human Capital and published by . This book was released on 2016 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Guide on Measuring Human Capital discusses conceptual, methodological and implementation issues and challenges.
Author :
Publisher :
ISBN 13 :
Total Pages : 634 pages
Book Rating : 4.3/5 (91 download)
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2004 with total page 634 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstracts of dissertations available on microfilm or as xerographic reproductions.
