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Skill, training, organisational commitment and unemployment: the economics of a labour strategy management

Green, F. (1996) Skill, training, organisational commitment and unemployment: the economics of a labour strategy management. CEPDP, 313. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Abstract

This paper argues that trainging often has a wider role than just the acquisition of technical skills and that company training ought to be analysed as part of a broader labour management strategy for companies. Evidence is adduced for this, drawing on both ecnomic and management literatures, and in particular on analyses of organisational commitment. A micro model of human capital acquisition in the firm is examined, and it is shown that different human resource policies are mutually reinforcing. A macro model of efficiency wages is also developed, but one that is modified by the presence of a labour management strategy. It is shown that the strategy tends to reduce both unemployment and wages, and to have ambiguous effects on welfare. It is suggested that variations in organisational commitments and associated labour management strategies, can account for some basic stylised facts about the distribution of unemployment.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1996 Green
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 313
Date Deposited: 12 Aug 2008 09:28
URL: http://eprints.lse.ac.uk/20644/

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