Employees are the human capital which contributes to the success and development of a company to a great extent. Thus, these days, companies do not see them only as factors of production from the classical perspective, but have started to value them
This dissertation extends the typical shirking model of efficiency wages to a continuum of effort levels. The generalisation totally overturns earlier intuitions. Specifically, the characteristic feature of the earlier theory that monitoring and pay are substitute tools for inspiring workers, no more
Human capital theory states that workers’ knowledge and skills increase their productivity and thus raise their earnings. An important dimension of human capital theory distinguishes between general human capital and… Contents Chapter 1: Introduction Chapter 2: Technology and Displaced Workers’ Earnings Losses
Unlike previous analysis, we consider (i) possible externalities in the use of IT and (ii) IT and human capital interactions. Examining, hypothetically, the statistical consequences of erroneously disregarding (i) and (ii) we shed light on the small or negative growth effects found
Whether or not banks are engaged in ex ante monitoring of customers may have important consequences for the whole economy. We approach this question via a model in which banks can invest in either information acquisition or market power (product differentiation). The
China, the most populous country in the world, has had high economic growth during the past two decades. While economic reforms in China have received a great deal of attention, researchers have paid far less attention to the effects of population policies.
The purpose of this thesis is to analyze the effect of human capital in export. Human capital is here expressed as the number of employees in the private sector per municipality with university education of at least three years. Two regression models
During the last few centuries the western economies have experienced an economic growth never before seen in history. This transformation has mainly been caused by knowledge, compared to previous history where land, natural resources, labor or machines were the factors determining economic