General human capital as a shared investment under asymmetric information

作者: Shin-Hwan Chiang , Shih-Chen Chiang

DOI: 10.2307/135526

关键词:

摘要: The paper examines the firm's optimal wage and layoff policies in situations where only general training is provided firm providing has an advantage information over other firms. asymmetric among firms creates adverse selection which seriously impairs mobility of labour consequently affects firn's policies. General human capital shown to have same cost-sharing implications as firm-specific capital. Furthermore, contracts prespecifying rigid wages are proven be optimal. Le humain en tant qu'investissement conjoint quand l'information est asyme'trique. Ce m6moire examine les politiques optimales de salaires et mises 'a pied d'une firme seulement une formation generale foumie la qui donne a un avantage informationnel sur autres firmes. L'information asym6trique entre firmnes cree reduit serieusement mobilite des travailleurs consequence affecte firmne. vocation meme que le specifique pour ce du partage coufts. De plus, contrats prespecifient rigides s'averent optimaux.

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