Human capital represents the source of competitive advantage of a firm. The importance of human capital is acknowledged by firms. However, in an increasingly complex and turbulent environment many organizations face a lot of issues regarding the attraction, retaining and development of their...

Human capital represents the source of competitive advantage of a firm. The importance of human capital is acknowledged by firms. However, in an increasingly complex and turbulent environment many organizations face a lot of issues regarding the attraction, retaining and development of their...

Workers will not pay for general on-the-job training if contracts are not enforceable. Firms may if there are mobility frictions. Private information about worker productivities, however, prevents workers who quit receiving their marginal products elsewhere. Their new employers then receive...

We study non-contractible firms' investment in general training in a model of frictional unemployment. Since training is vested in workers, firms' return to training is zero when a match ends. Consensual layoff provisions or large severance payments oblige firms to bargain efficiently over the...

The paper investigates the driving factors of firm training using a survey-based dataset concerning manufacturing firms in the Emilia Romagna Region, located in Northern Italy. Data derive from a structured questionnaire administered in 2002 to the management of a representative sample of firms...

Der Beitrag plädiert für die Verwendung der ökonomischen Analyse als Methode der Rechtsvergleichung. Mit ihrer Hilfe wird gezeigt, daß das Vorurteil unbegründet ist, der Kündigungsschutz sei in den USA ?schwächer? (arbeitgeberfreundlicher) als in Deutschland. Die erwartete...

In diesem Beitrag werden Ausmaß und Konsequenzen von nominalen und tariflichen Lohnrigiditäten mikroökonomisch und mikroökonometrisch untersucht. Die Analyse verdeutlicht, dass in Deutschland Lohnrigiditäten keineswegs selten sind. Diese haben eine Lohnaufschwemmung mit beachtlichen...

In der vorliegenden Arbeit werden die Bestimmungsgründe von Einstiegslöhnen, sowie das Ausmaß von Lohnrigiditäten und der daraus abgeleiteten Höhe der Lohnaufschwemmung in der Gruppe der Einsteiger empirisch untersucht. Einsteiger sind Arbeitnehmer, die erstmals bzw. nach einer...

This study provides empirical evidence for the economic rationality of wage rigidities. Theoretically wage rigidities can result from contracts, implicit contracts, from efficiency wages and from insider-outsider behaviour. Based on a survey of 801 firms strong support has been found for...