← Search

Team Human Capital and Worker Mobility

Ottorino Chillemi¹; Benedetto Gui²

¹ University of Padua · ² University of Bari Aldo Moro

We discuss the concept of “team human capital” and study the renegotiation of labor compensation after team members privately observe their own reservation wage. As labor productivity can only be high if the number of quits does not exceed a threshold, decisions concerning acceptance of individual wage demands become interdependent. When a team is made up of salaried workers, a peculiar case of efficiency wage results. Moreover, inefficient team dissolution may occur. We then show that inefficiency is less likely to occur when team members form a partnership.

DOI

10.1086/209838

Volume

15 (4)

Pages

567-585

Language

en

Export

BibTeX

Sources

openalex crossref