IDEAS home Printed from https://ideas.repec.org/a/adr/anecst/y1994i33p13-28.html
   My bibliography  Save this article

Human Capital, Asymmetric Information and Labour-Management

Author

Listed:
  • Norman Ireland

Abstract

We consider the employment relation within firms with reference to investment in human capital. Although the firm knows the future value of the worker's human capital to the worker, the worker only finds this out after the training is complete. Both moral hazard and adverse selection problems arise if the specificity of human capital, bestowed on the worker by the firm, is variable. The labour-managed firm is advanced as an institution that may be less prone to these problems. However, the more entrepreneurial the labour-managed firm, the less evident is the comparative advantage in providing training.

Suggested Citation

  • Norman Ireland, 1994. "Human Capital, Asymmetric Information and Labour-Management," Annals of Economics and Statistics, GENES, issue 33, pages 13-28.
    • Handle: RePEc:adr:anecst:y:1994:i:33:p:13-28
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/20075934
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adr:anecst:y:1994:i:33:p:13-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Secretariat General or Laurent Linnemer (email available below). General contact details of provider: https://edirc.repec.org/data/ensaefr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.