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...

书目详细资料
Main Authors:	Díaz-Vázquez, P, Snower, D
格式:	Working paper
语言:	English
出版:	ESRC Centre on Skills, Knowledge and Organisational Performance (SKOPE) 2003
主题:	Employment Economics Education Economics and education

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