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Does Inertia Pay Off? Empirical assessment of an evolutionary-ecological model of human capital decisions at firm level

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Author Info
Aurora Teixeira () (CEMPRE, Faculdade de Economia da Universidade do Porto)

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Abstract

This paper empirically assesses the validity of a model which combines organisational ecology and evolutionary theory to analyse human capital accumulation decisions at firm level. The main argument of the model is that factors underlying the process of plants’ reproduction, especially the process of fission, must be isolated and related to the economic motivations of employers to hire top educated and highly skilled people. Inert behaviour in human capital accumulation decisions stands here as a rational outcome. Logistic estimates, based on the whole population of plants of the Portuguese textiles, provide statistical evidence corroborating the fission hypothesis. This evidence constitutes a critical examination of the mainstream economics concerning the demand side of human capital.

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Publisher Info
Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 124.

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Length: 39 pages
Date of creation: Mar 2003
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Handle: RePEc:por:fepwps:124

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Keywords: Human capital population ecology theory evolutionary theory Inertia Fission textiles Portugal

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This paper has been announced in the following NEP Reports: References listed on IDEAS
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    Other versions:
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    Other versions:
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    Other versions:
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  7. Boyan Jovanovic, 2001. "Fitness and Age: Review of Carroll and Hannan's Demography of Corporations and Industries," Journal of Economic Literature, American Economic Association, vol. 39(1), pages 105-119, March. [Downloadable!] (restricted)
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  16. Aurora Teixeira, 2002. "On the Link between Human Capital and Firm Performance. A Theoretical and Empirical Survey," FEP Working Papers 121, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
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  1. Jorge M. S. Valente, 2004. "Local and global dominance conditions for the weighted earliness scheduling problem with no idle time," FEP Working Papers 156, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
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