Booth, A.L. and Zoega, G. (2008) Worker heterogeneity, new monopsony, and training. Labour 22 (2), pp. 247-270. ISSN 1121-7081.
Abstract
A worker's output depends not only on his/her own ability but also on that of colleagues, who can facilitate the performance of tasks that each individual cannot accomplish on his/her own. We show that this common-sense observation generates monopsony power and is sufficient to explain why employers might expend resources on training employees even when the training is of use to other firms. We show that training will take place in better-than-average or ‘good’ firms enjoying greater monopsony power, whereas ‘bad’ firms will have low-ability workers unlikely to receive much training.
Metadata
| Item Type: | Article |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Administrator |
| Date Deposited: | 26 Jan 2011 15:24 |
| Last Modified: | 02 Aug 2023 16:51 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/2000 |
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- Worker heterogeneity, new monopsony, and training. (deposited 26 Jan 2011 15:24) [Currently Displayed]
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