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Reference: Pilar Díaz-Vázquez and Dennis Snower, (2003). On-the-job training and the effects of insider power.Citable link to this page:


On-the-job training and the effects of insider power Subtitle: SKOPE Research Paper No. 39, Spring 2003Series: SKOPE Research Papers

Abstract: 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 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.

Publication status:PublishedPeer Review status:Peer reviewedVersion:Publisher's version Funder: Economic and Social Research Council  

Bibliographic Details

Publisher: ESRC Centre on Skills, Knowledge and Organisational Performance (SKOPE)

Publisher Website: http://www.skope.ox.ac.uk/

Series:SKOPE Research Papers

Series website:http://www.skope.ox.ac.uk/publications

Issue Date: 2003

Copyright Date: 2003 Identifiers

Issn: 1466-1535

Urn: uuid:36234c5f-9af5-4b90-b2a2-1b024a7f01b8 Item Description

Type: Research paper;

Language: en

Version: Publisher's versionKeywords: insider power employment on-the-job training JEL:E24 JEL:J23 JEL:J24 JEL:J31 JEL:J42 JEL:J64Subjects: Employment Education Economics Economics and education Tiny URL: ora:3921


Author: Pilar Díaz-Vázquez - institutionUniversidad de Santiago de Compostela, Spain - - - Dennis Snower - institutionBirkbeck College,

Source: https://ora.ox.ac.uk/objects/uuid:36234c5f-9af5-4b90-b2a2-1b024a7f01b8


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