Asymmetric learning and the wage/productivity relationship

Article Abstract:

Asymmetric learning can be used to assess a worker's productivity and provides potential explanations to different labor market puzzles. An analysis of wages, production and seniority under a multi-period framework revealed that a worker' wage is more dependent on the signal with which he or she is associated than with his productivity, and as a result, the change of productivity with respect to seniority and schooling is significantly different than change of average wage period paid to the group. Additionally, in the presence of asymmetric, firms must focus on the need for adequate human capital from which benefits of the workers can be generated.

Wage Administration, Productivity Improvement, Compensation management, Wages, Wages and salaries, Labor productivity

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The role of altruism in economic interaction

Article Abstract:

Paper examines the role of altruists and egoists to determine under what situations do the two have a disproportionately large effect on equilibrium. The question is presented in a general framework applied to the analysis of three economic environments: (1) the Prisoner's Dilemma; (2) a world where pollution issues are decided by agents; and (3) a world where blood donation is decided by agents. Results indicate the altruists are important in the second and third environments while the egoists were disproportionately important in the first Prisoner's Dilemma.

Economic aspects, Altruism, Altruism (Human behavior)

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A framework for understanding differences in labor turnover and human capital investment

Article Abstract:

Observed variations in labor practices can be attributed to multiple equilibria. Results show that human capital can affect labor turnover when an informational problem exists regarding job-changing workers' quality. Under a condition of multiple equilibria characterized by a significant matching uncertainty, a high turnover equilibrium persists.

Human capital, Employee turnover

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