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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| Format: | Working paper |
| Sprache: | English |
| Veröffentlicht: |
ESRC Centre on Skills, Knowledge and Organisational Performance (SKOPE)
2003
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