期刊名称:IoES Working Paper Series / Institute of Economic Studies, University of Iceland
出版年度:2007
卷号:2007
出版社:niversity of Iceland
摘要:A worker¡¯s output depends not only on his or her own ability but also on that of colleagues, who
can facilitate the performance of tasks that each individual cannot accomplish on his own. We
show that this common-sense observation generates monopsony power and is sufficient to
explain why employers might expend resources on training employees even when the training is
of use to other firms. We show that training will take place in better-than-average or ¡®good¡¯
firms enjoying greater monopsony power, while ¡®bad¡¯ firms will have low-ability workers
unlikely to receive much training.