The Sharing Hypothesis for Specific Human Capital.
This paper examines the foundations of the prediction that the costs of, and returns to, an investment in specific human capital will be shared between worker and firm, and hence that in the presence of specific human capital there will be a positive relationship between wage and tenure. It is shown...
| Main Author: | |
|---|---|
| Format: | Working paper |
| Language: | English |
| Published: |
CEPR
1994
|