A framework for understanding differences in labor turnover and human capital investment
A framework for understanding differences in labor turnover and human capital investment
复制标题
了解劳动力流动率和人力资本投资差异的框架
DOI：
10.1016/0167-2681(95)00022-9
复制
发表时间：
1995
期刊：
影响因子：
--
通讯作者：
Yijiang Wang
中科院分区：
文献类型：
--
作者：
Changmin Chun;Yijiang Wang
我们分析了劳动力流动和人力资本投资国际差异的原因和福利后果。该框架将不同的观点作为特例纳入。条件下，多重均衡或深层经济参数的差异解释了劳动实践中观察到的差异。我们发现，当有一个信息的问题，关于换工作的工人的质量，一般的人力资本，像企业专用性人力资本，也可以影响劳动力流动，并获得更好的工作匹配的代价是较低的人力资本投资。给定多个均衡，高营业额均衡被发现上级在帕累托意义上的低营业额均衡，如果匹配的不确定性是大的。当匹配不确定性很小时，情况正好相反。
We analyze the causes and the welfare consequences of international differences in labor turnover and human capital investment. The framework incorporates different views as special cases. Conditions are identified under which multiple equilibria or differences in deep economic parameters explain the observed differences in labor practices. We show that when there is an informational problem regarding job-changing workers' quality, general human capital, like firm-specific human capital, can also affect labor turnover, and that better job matching is obtained at the expense of lower human capital investment. Given multiple equilibria, a high turnover equilibrium is found superior in the Pareto sense to a low turnover equilibrium if matching uncertainty is large. The reverse is true when matching uncertainty is small.