search query: @author Chang, C. / total: 7
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| Author: | Chang, C. Wang, Y. |
| Title: | A framework for understanding differences in labor turnover and human capital investment |
| Journal: | Journal of Economic Behavior and Organization
1995 : SEP, VOL. 28:1, p. 91-106 |
| Index terms: | MATCHING PROBLEM HUMAN CAPITAL ECONOMIC BEHAVIOUR |
| Language: | eng |
| Abstract: | The authors 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. The authors 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. |
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