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Training hold up and social labour markets

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  • Chatterji, Monojit

Abstract

This paper seeks to analyse the impact on training outcomes of labour markets with a social dimension which enhances workers rights and benefits, including the right to unionise. The ILO in particular champions the cause of such social labour markets both on the grounds that they represent fundamental rights as well as on the grounds that they generate helpful economic outcomes. In the context of on the job training, this paper demonstrates that the benefits of such social labour markets are mixed. In particular, it demonstrates that whilst unionisation can increase productivity and mitigate training hold up, there are also risks to increasing union power.

Suggested Citation

  • Chatterji, Monojit, 2008. "Training hold up and social labour markets," Labour Economics, Elsevier, vol. 15(2), pages 202-214, April.
    • Handle: RePEc:eee:labeco:v:15:y:2008:i:2:p:202-214
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    Cited by:

    1. Monojit Chatterji & Karen Mumford & Peter N Smith, 2007. "The Public-Private Sector Wage Differential: Gender, Workplaces and Family Friendliness," Dundee Discussion Papers in Economics 202, Economic Studies, University of Dundee.
    2. John Douglas Skåtun & Ioannis Theodossiou, 2011. "Personnel Decisions, Wage Profiles and Investment in Firms," British Journal of Industrial Relations, London School of Economics, vol. 49(4), pages 742-766, December.
    3. C. Jeffrey Waddoups, 2014. "Union Membership and Job-Related Training: Incidence, Transferability, and Efficacy," British Journal of Industrial Relations, London School of Economics, vol. 52(4), pages 753-778, December.

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