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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/2876| Title: | On-the-job training and the effects of insider power |
| Keywords: | J42 J64 J24 J31 E24 J23 ddc:330 insider power , employment , on-the-job training Arbeitsmarkttheorie Insider-Outsider-Modell Berufsbegleitende Ausbildung Anspruchslohn Konjunkturelle Arbeitslosigkeit Beschäftigungseffekt Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | IZA Bonn |
| Description: | Suppose insiders use their market power to push up their wages, while entrants receive their reservation wages. How will employment be affected? In addressing this question, we focus on the role of on-the-job training. We show that an insider wage hike reduces recession-time employment but, in the presence of on-the-job training, increases boom-time employment. Thus on-the-job training can make insider wage hikes less detrimental to average employment (over booms and recessions). We show that when such training is sufficiently high and when economic shocks are sufficiently transient, an insider wage hike may even lead to a rise in average employment. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/2876 |
| Other Identifiers: | IZA discussion papers Forschungsinstitut zur Zukunft der Arbeit, Bonn 586 http://hdl.handle.net/10419/2876 ppn:35812669X ppn:35812669X |
| Appears in Collections: | EconStor |
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