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...

Полное описание

Библиографические подробности
Главные авторы:	Díaz-Vázquez, P, Snower, D
Формат:	Working paper
Язык:	English
Опубликовано:	ESRC Centre on Skills, Knowledge and Organisational Performance (SKOPE) 2003
Предметы:	Employment Economics Education Economics and education

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