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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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    Other versions:
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