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Firm-Specific Human Capital: A Skill-Weights Approach

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dc.creator Lazear, Edward P.
dc.date 2003
dc.date.accessioned 2013-10-16T07:08:22Z
dc.date.available 2013-10-16T07:08:22Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20057
dc.identifier ppn:366365673
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20057
dc.description One problem with the theory of firm-specific human capital is that it is difficult to generate convincing examples of investment that could generate the sometimes observed large and continuing effects on earnings. Another approach, called the ?skill-weights? view, allows all skills to be general in that there are other firms that use the each of the skills. But firms use them in different combinations and with different weights attached to them. The skill-weights view not only has aesthetic appeal, but is consistent with the frequently observed large tenure effects. All of the implications of the traditional view are produced by this approach, and there are a number of other implications that distinguish the new view from the traditional one. The empirical evidence already contains some support for the skill-weights view.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 813
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J24
dc.subject M5
dc.subject ddc:330
dc.subject human capital
dc.subject skills
dc.subject skill-weights
dc.subject Humankapital
dc.subject Qualifikation
dc.subject Bildungsinvestition
dc.subject Betriebliche Bildungsarbeit
dc.subject Theorie
dc.title Firm-Specific Human Capital: A Skill-Weights Approach
dc.type doc-type:workingPaper


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