First published in 1979. This thesis describes the theoretical
impact on labour markets of a process of adverse selection similar
to that described in outline by George Arthur Akerlof. It concerns
the information conveyed to potential employers by the fact that
any new worker, except for one just entering the labour force, has
either left or is prepared to leave his latest Job. If an employer
is able to identify his good workers more accurately than the
market at large and is generally successful in retaining them, then
the group of workers leaving him will contain a disproportionately
small number of good ones. For similar reasons this pool should
also contain an unusually large number of bad workers who have been
either flied or induced to quit. Thus, workers who change jobs
should on average be less able ones. Since the market failures that
result have potentially significant consequences in the labour
market, this study is devoted to examining their influence on the
structure of wages and job tenure, and on the operation and
efficiency of labour markets. This title will be of great interest
to students of economics and business studies.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Series: |
Routledge Library Editions: Labour Economics |
Release date: |
August 2020 |
First published: |
1979 |
Authors: |
Bruce C.N. Greenwald
|
Dimensions: |
216 x 138 x 22mm (L x W x T) |
Format: |
Paperback
|
Pages: |
312 |
ISBN-13: |
978-0-367-08641-1 |
Categories: |
Books >
Business & Economics >
Economics >
Labour economics >
General
|
LSN: |
0-367-08641-7 |
Barcode: |
9780367086411 |
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!