Demougin, Dominique; Siow, Aloysius - Centre de Recherche sur l'Emploi et les Fluctuations … - 1992
The probability that an unskilled worker can be successfully trained and or screened to be a manager depends on the effort of the firm. With positive hiring costs, a firm prefers to train/screen its own managers. However the optimal size of the firm for productive efficiency may conflict with...