Is a stable workforce good for productivity?

Auer, Peter; Berg, Janine; Coulibaly, Ibrahim

doi:10.1111/j.1564-913x.2005.tb00571.x

Cited by 70 publications

(57 citation statements)

References 12 publications

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“…While these results do not imply that success cannot be bought in football, they do support the hypothesis that player cultivation and team stability play a role in improving match winning probabilities. While there has not been any previous studies of the impact of team stability in football, the results found are in line with the broader literature on employee productivity and tenure (Auer et al, 2005). The positive effects of player tenure seem to indicate that player success in football does have an aspect that is club specific, or firm specific as it is called in the human capital literature.…”

supporting

confidence: 80%

Make or Buy? Human Capital Accumulation Strategies in European Club Football

Akgündüz

Berg

2013

SSRN Journal

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When it comes to discussing club football emotions tend to get heated quite easily across the globe. This heterogeneity in likes and dislikes is not only reflected in name or financial possibilities, but also in the clubs approach to building a team. We analyze whether clubs' strategies regarding buying or cultivating players have a discernable effect on their success on the pitch. For the analysis we employ match level data covering five seasons of play in top-flight Dutch and English club football leagues. The results suggest that players' tenure has a positive and significant effect on the probability of winning, but only in the English Premier League. The positive effect we find for the Premier League aligns with theories of firm specific human capital. We hypothesize the lack of significant effects in the Dutch league to be tied to clubs' inability to keep successful players with the club or buy replacements of equal quality on the transfer market, because the club-specific human capital component takes time to accumulate.

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supporting

confidence: 80%

Make or Buy? Human Capital Accumulation Strategies in European Club Football

Akgündüz

Berg

2013

SSRN Journal

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“…Moreover, in flexible labour markets, firms will invest less in workers' firm-specific human capital and this hurts productivity as well (Auer et al, 2005). Labour market deregulation may affect productivity through its impact on worker motivation and effort, as it erodes social capital and trust in the labour relation Naastepad, 2009, 2012).…”

Section: A Dangerous Obsessionmentioning

confidence: 99%

Europe's Hunger Games: Income Distribution, Cost Competitiveness and Crisis

Storm¹,

Naastepad

2014

Cambridge Journal of Economics

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The dominant view, both on the mainstream right and on the left, holds that the Eurozone crisis is a crisis of labour-cost competitiveness-with trade imbalances (and hence foreign indebtedness) being driven by divergences in relative unit labour costs (RULCs) between surplus and deficit countries. To re-balance Eurozone growth, the mainstream solution is a deflationary policy of 'internal devaluation' (i.e. cutting the wage share by as much as 30%) in the deficit countries. The 'progressive' view holds that the surplus countries should adjust by raising their wage shares. We argue that both sides of this debate are wrong and unhelpful. Europe's trade imbalances are determined by domestic and world demand-whilst RULC divergences play only a negligible role. Eurozone growth can only be revived when Eurozone demand growth is restored, not by lowering wages here and/or raising them there. The current deflationary adjustment forced on the wage-led economies of Greece, Italy, Portugal and Spain is self-destructive: it is a 'confidence killer', not only deepening the free fall of southern European incomes but also damaging their productive base and productivity growth. The outlook is depressing-further increases in already high unemployment rates, inequality measures and poverty rates inconceivable in prosperous Europe just a few years ago-and arguably dystopian.

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“…Job creation should prioritize sectors in which mobility can generate benefits for the workers, particularly those of lowest incomes. In that regard, the restructuring or design of new programmes could be based, for example, on the "flexi-security" systems or flexibility with security, directly or indirectly adopted by some European countries (Auer, Berg and Coulibaly, 2005;Andersen and Svarer, 2006). For that purpose, the economy needs to operate so as to grant a certain degree of flexibility to firms when planning the size of their labour force according to the business cycle, but with a system of protection or pensions linked to programmes that update vocational training and labour relocation.…”

Section: Determination Of the Differential Between Rich And Poor: Intmentioning

confidence: 99%

Occupational mobility and income differentials: The experience of Brazil between 2002 and 2010

Monsueto¹,

Cunha²,

Bichara³

2014

CEPAL Review

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Since the start of the twenty-first century, the Brazilian economy has experienced a growth cycle with characteristics unlike those of its previous historical experience, combining growth, macroeconomic stability and distributive progress. In this context, the study aims to analyse the factors and distributive effects of occupational mobility in Brazil, based on data obtained from the Monthly Employment Survey. The results suggest that: (i) mobility has been used in Brazil as a way to raise wages, even when it involves a drop in socio-occupational status; (ii) nonetheless, the wage increase obtained by changing job or occupational segment is smaller for poorer workers than for wealthier ones; and (iii) consequently, mobility helps to increase income, but it also tends to widen wage gaps.

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Is a stable workforce good for productivity?

Cited by 70 publications

References 12 publications

Make or Buy? Human Capital Accumulation Strategies in European Club Football

Make or Buy? Human Capital Accumulation Strategies in European Club Football

Europe's Hunger Games: Income Distribution, Cost Competitiveness and Crisis

Occupational mobility and income differentials: The experience of Brazil between 2002 and 2010

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