Author Description

Product Description This book examines theories of firm-level human capital investment with respect to topics in labor demand, macroeconomics (especially connected to unemployment), and firm-union bargaining. It covers a wide range of related policy issues, including the worksharing versus layoff debate, wage-tenure profiles, taxation and the choice between pure wages and profit sharing compensation, and the role of specific investment in the Japanese firm versus the traditional (United States) neoclassical firm. Review "This book will be of special value to academic labor economists and contract theorists." Donald O. Parsons, Industral and Labor Relations Reviews Book Description This book examines theories of firm-level human capital investment with respect to topics in labour demand, macroeconomics (especially connected to unemployment), and firm-union bargaining. It covers a wide range of related policy issues, including the worksharing versus layoff debate, wage-tenure profiles, taxation and the choice between pure wages and profit sharing compensation, and the role of specific investment in the Japanese firm versus the traditional (U.S.) neoclassical firm. The book is aimed mainly at the academic economics profession, but is easily accessible to final year undergraduate and postgraduate students. About the Author Robert A. Hart is Professor of Economics at the University of Stirling. He is a labour market economist and acknowledged authority on the economics of working time. He is the author of The Economics of Non-Wage Labour Costs (1984), Working Time and Employment (1987), Human Capital, Employment and Bargaining (with Thomas Moutos, 1995) and Work and Pay in Japan (with Seiichi Kawasaki, 1999).