On-the-job training and the effects of insider power

On-the-job training and the effects of insider power

Suppose insiders use their market power to push up their wages, while entrants receive their reservation wages. How will employment be affected? In addressing this question, we focus on the role of on-the-job training. We show that an insider wage hike reduces recession-time employment but, in the p...

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Bibliografiske detaljer
Main Authors:	Díaz-Vázquez, P, Snower, D
Format:	Working paper
Sprog:	English
Udgivet:	ESRC Centre on Skills, Knowledge and Organisational Performance (SKOPE) 2003
Fag:	Employment Economics Education Economics and education

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