Team human capital and worker mobility

• 成果类型: Article
• 署名作者: Chillemi, O; Gui, B
• 署名单位: Universita degli Studi di Bari Aldo Moro
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/209838
• 发表日期: 1997
• 页码: 567-585
• 关键词: information; FIRMS

摘要

We discuss the concept of ''team human capital'' and study the renegotiation of labor compensation after team members privately observe their own reservation wage. As labor productivity can only be high if the number of quits does not exceed a threshold, decisions concerning acceptance of individual wage demands become interdependent. When a team is made up of salaried workers, a peculiar case of efficiency wage results. Moreover, inefficient team dissolution may occur. We then show that inefficiency is less likely to occur when team members form a partnership.