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Contribution Details
| Type | Book Chapter |
| Scope | Discipline-based scholarship |
| Title | Employability and the costs of organizing work |
| Organization Unit | |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Booktitle | The Economics of Skills Obsolescence: Research in Labor Economics |
| ISBN | 978-0-76230-960-3 (P) 978-1-84950-175-0 (O) |
| Number | 21 |
| Place of Publication | Bingley UK |
| Publisher | Emerald Group Publishing Limited |
| Page Range | 145 - 219 |
| Date | 2002 |
| Abstract Text | A new macroeconomic equilibrium theory is presented which gives a rigorous economic foundation of the notion of employability. Employability depends on the one side on the workers' interactive abilities, but on the other side also on the skill requirements implied by the organizational environment provided by firms. It is shown that the range of abilities which is considered as unemployable by the firms varies with the competitive pressure in the goods market as well as with the used organization methods. Under fairly general conditions the resulting level of equilibrium employment is lower than the efficient level. |
| Digital Object Identifier | 10.1016/S0147-9121(02)21011-0 |
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