Human Capital, Employment and Bargaining

Robert A. Hart; Thomas Moutos

doi:10.1017/CBO9780511983450

This book examines human capital investment, employment and bargaining at the level of the firm. It attempts a summary of results that incorporate both human capital investment and employment decisions within firm union bargaining models, emphasising investment in teams, or groups, of workers. The authors also examine human capital in relation to labour demand as well as the delineation between neoclassical and coalitional firms. Further they investigate connections between, on the one hand, turnover costs and firm-specific human capital and, on the other, unemployment. Labour market policy topics recur throughout the book and include the choice between pure wage and profit sharing remuneration systems, the issue of whether training should be subsidized by governments, and work-sharing versus layoff decisions. This book is aimed mainly at the academic economics profession, but is easily accessible to final-year undergraduate and postgraduate students.

"This book will be of special value to academic labor economists and contract theorists." Donald O. Parsons, Industral and Labor Relations Reviews

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Human Capital, Employment and Bargaining

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Contents

Frontmatter
pp i-viii

Contents
pp ix-x

Preface
pp xi-xii

1 - Overview
pp 1-11

2 - Labour demand and efficient contract models
pp 12-47

3 - Turnover costs, firm-specific training and unemployment
pp 48-76

4 - Employment and bargaining
pp 77-95

5 - Choice of compensation, unemployment insurance and policy issues
pp 96-129

6 - Team-related human capital and bargaining
pp 130-162

7 - Coalitional versus neoclassical firms
pp 163-183

8 - Future developments
pp 184-187

Bibliography
pp 188-198

Index
pp 199-204

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