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.
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.
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