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The rise of intangible capital and labour market segmentation

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  • Webster, E

Abstract

Labour is becoming an important asset vis-Ã -vis physical capital as the asset structures of firms change over time. The peculiarities of labour assets are that they appreciate with usage rather than depreciate. In contrast with physical capital, over-use leads to an increase in their value and under-use leads to an erosion. The more able or those considered to have the most potential are generally recruited to the asset sector of the labour market where positive work experiences are reinforcing while the less able or those considered to have less potential are excluded. Accordingly, the work experiences and skills of the labour force becomes more polarised.

Suggested Citation

  • Webster, E, 2001. "The rise of intangible capital and labour market segmentation," Australian Bulletin of Labour, National Institute of Labour Studies, vol. 27(4), pages 258-271.
    • Handle: RePEc:fli:journl:27800
    Note: Webster, E., 2001. The rise of intangible capital and labour market segmentation. Australian Bulletin of Labour, Vol. 27 No. 4, pp. 258-271
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    File URL: http://hdl.handle.net/2328/27800
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    Cited by:

    1. Elizabeth Webster & Kelly Jarvis, 2003. "The Occupational Career Paths of Australian Tradesmen," Melbourne Institute Working Paper Series wp2003n14, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.

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