Human Capital, Employment and Bargaining [Hardcover]

Provides detailed firm-level labour market analysis of human capital and employment from labour demand, macroeconomic and firm union bargaining perspectives.This book examines theories of firm-level human capital investment with respect to topics in labour demand, macroeconomics (especially connected to unemployment), and firm-union bargaining. It covers a wide range of related policy issues, including the worksharing versus layoff debate, wage-tenure profiles, taxation and the choice between pure wages and profit sharing compensation, and the role of specific investment in the Japanese firm versus the traditional (U.S.) neoclassical firm. The book is aimed mainly at the academic economics profession, but is easily accessible to final year undergraduate and postgraduate students.This book examines theories of firm-level human capital investment with respect to topics in labour demand, macroeconomics (especially connected to unemployment), and firm-union bargaining. It covers a wide range of related policy issues, including the worksharing versus layoff debate, wage-tenure profiles, taxation and the choice between pure wages and profit sharing compensation, and the role of specific investment in the Japanese firm versus the traditional (U.S.) neoclassical firm. The book is aimed mainly at the academic economics profession, but is easily accessible to final year undergraduate and postgraduate students.This book examines theories of firm-level human capital investment with respect to topics in labor demand, macroeconomics (especially connected to unemployment), and firm-union bargaining. It covers a wide range of related policy issues, including the worksharing versus layoff debate, wage-tenure profiles, taxation and the choice between pure wages and profit sharing compensation, and the role of specific investment in the Japanese firm versus the traditional (United States) neoclassical firm.1. Overview; 2. Labour demand and efficient contract models; 3. Turnover costs,lc,