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Author:Mori, P. A.
Title:Job signalling and the returns to private information
Journal:Oxford Economic Papers
1991 : JUL, VOL. 43:3, p.351-367
Index terms:HUMAN RESOURCE ACCOUNTING
GROUPS
HUMAN RESOURCE MANAGEMENT
INFORMATION SYSTEMS
EMPLOYEES
WORK
Language:eng
Abstract:According to the human capital theory the source of the discrepancies between actual and opportunity marginal product of a group of employees with homogeneous observable characteristics is technological. Another cause of this divergence is investigated in a job signalling context. The main facts of the analysis are that: (1) an informational surplus due to information differentials among firms about worker abilities may arise; (2) symmetric information between employer and employees is incompatible with a positive informational surplus if the parties engage in wage bargaining; (3) group performance signals are a cause of interdependence between job assignments even in the absence of technical complementarity.
SCIMA record nr: 109914
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