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Information and Human Capital Management

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Author Info
Heski Bar-Isaac
Ian Jewitt
Clare Leaver

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Abstract

An increasingly important organisational design problem for many firms is to recoup general human capital rents while maintaining the attractive career prospects for workers. We explore the role of information management in this context. In our model, an information management policy determines the statistic of worker performance that will be available to outside recruiters. Choosing different statistics affects the extent of regression to the mean which, we show, in turn affects the incidence of adverse selection among retained and released workers. Using this observation, we detail how optimal information management policies vary across firms with different human capital management priorities. This view of human capital management via information management has strong implications for labour market outcomes. We discuss the impact on average wages, wage inequality, wage skewness and labour turnover rates.

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Publisher Info
Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 367.

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Date of creation: 2007
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Handle: RePEc:oxf:wpaper:367

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Related research
Keywords: Human Capital; Information Disclosure; Regression to the Mean; Adverse Selection; Turnover; Wage Distribution; Human Resource Management;

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Find related papers by JEL classification:
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Other versions:
  2. Alexander K. Koch & Eloïc Peyrache, 2005. "Tournaments, Individualized Contracts and Career Concerns," IZA Discussion Papers 1841, Institute for the Study of Labor (IZA). [Downloadable!]
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  4. Burguet, Roberto & Caminal, Ramon & Matutes, Carmen, 2002. "Golden cages for showy birds: Optimal switching costs in labor contracts," European Economic Review, Elsevier, vol. 46(7), pages 1153-1185, July. [Downloadable!] (restricted)
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  6. Luojia Hu & Christopher Taber, 2005. "Layoffs, Lemons, Race, and Gender," NBER Working Papers 11481, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  10. Luojia Hu & Christopher Taber, 2005. "Layoffs, Lemons, Race and Gender," IZA Discussion Papers 1702, Institute for the Study of Labor (IZA). [Downloadable!]
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  15. Andreas Hornstein & Per Krusell & Giovanni L. Violante, 2005. "The Effects of Technical Change on Labor Market Inequalities," Working Papers 89, Princeton University, Department of Economics, Center for Economic Policy Studies.. [Downloadable!]
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Marc Blatter & Andras Niedermayer, 2008. "Informational Hold-Up, Disclosure Policy, and Career Concerns on the Example of Open Source Software Development," Working Papers 08-06, NET Institute, revised Sep 2008. [Downloadable!]
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