Managerial Husbandry and the Dynamics of Ongoing Firms
This paper studies the supply and demand for on-the- job training when the success of training is stochastic, firms have to pay hiring costs when they hire skilled workers from the outside, and firms have strictly concave production functions. There are predictions about firm level dynamics and interactions between labor mobility and firm performance. The model generates intermittent labor market events such as lateral mobility, promotions, layoffs and variation in earnings across identically skilled workers. It also explains two labor market phenomena: up or out rules and fast track jobs.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Sep 1992|
|Publication status:||Published, European Economic Review, 40(7), pages 1483-1499, August 1996|
|Contact details of provider:|| Postal: P.O. Box 8888, Downtown Station, Montreal (Canada) Quebec, H3C 3P8|
Phone: (514) 987-6181
Fax: (514) 987-8494
Web page: http://ideas.uqam.ca/CREFE/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:cre:crefwp:2. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stéphane Pallage)
If references are entirely missing, you can add them using this form.