Training hold up and social labour markets

This paper seeks to analyse the impact on training outcomes of labour markets with a social dimension which enhances workers rights and benefits, including the right to unionise. The ILO in particular champions the cause of such social labour markets both on the grounds that they represent fundament...

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Bibliographic Details
Published inLabour economics Vol. 15; no. 2; pp. 202 - 214
Main Author Chatterji, Monojit
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.04.2008
Elsevier
SeriesLabour Economics
Subjects
Arbeitsmarkttheorie
Berufsbegleitende Ausbildung
Gewerkschaft
Organisationsgrad
Productivity
Produktivität
Social Labour Markets
Tarifverhandlung
Theorie
Training
Unions
Training
Productivity
J41
J21
J20
J31
J24
Social Labour Markets
Unions
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Summary:This paper seeks to analyse the impact on training outcomes of labour markets with a social dimension which enhances workers rights and benefits, including the right to unionise. The ILO in particular champions the cause of such social labour markets both on the grounds that they represent fundamental rights as well as on the grounds that they generate helpful economic outcomes. In the context of on the job training, this paper demonstrates that the benefits of such social labour markets are mixed. In particular, it demonstrates that whilst unionisation can increase productivity and mitigate training hold up, there are also risks to increasing union power.
ISSN:0927-5371
1879-1034
DOI:10.1016/j.labeco.2007.03.001