This book examines human capital investment, employment and
bargaining at the level of the firm. It attempts a summary of
results that incorporate both human capital investment and
employment decisions within firm union bargaining models,
emphasising investment in teams, or groups, of workers. The authors
also examine human capital in relation to labour demand as well as
the delineation between neoclassical and coalitional firms. Further
they investigate connections between, on the one hand, turnover
costs and firm-specific human capital and, on the other,
unemployment. Labour market policy topics recur throughout the book
and include the choice between pure wage and profit sharing
remuneration systems, the issue of whether training should be
subsidized by governments, and work-sharing versus layoff
decisions. This book is aimed mainly at the academic economics
profession, but is easily accessible to final-year undergraduate
and postgraduate students.
General
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