Job changes, occupational mobility and human capital acquisition: an empirical analysis

Article Abstract:

The factors which relate occupational mobility and the procurement of human capital were empirically investigated using data from a group of 1980 UK graduates. Results showed that the possession of various forms of human capital results in various incentives to career mobility where there is a distinction between job changes and occupation changes. Findings indicate that the person who remains in the same company may have bigger investment in company-based human capital, while the person who shifts jobs or occupations may have more investments in occupation-specific human capital.

Employment, Career changes, Human capital

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Financial innovation and bank risk taking

Article Abstract:

An analysis of the intermediation activity of financial services firms that encourages risky lending by the banking sector shows the increased risks taken by banks in their lending portfolio is a result of the innovations introduced by financial services firms which eases the sale of assets created by banks. But the risky behavior exhibited by banks is minimized by the need of the banks to balance its holdings with the potential destabilization of external shocks to the system. Banks are shown not to compromise their returns on assets.

Debt Management-Bank Loans, Models, Banking industry, Financial services industry, Financial services, Loan servicing, Bank assets

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Innovation and reciprocal externalities: information transmission via job mobility

Article Abstract:

A two-period model of a competitive industry in which staff may capitalize on information gained on the job by moving to rival companies is presented. It is found that a company benefits from information produced by a worker's research even after that worker leaves. This duplicative aspect is a vital determinant of R&D investment and job mobility.

Employee Transfers & Rehires

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