Title: Who benefits from human capital investments? An analysis with cooperative game theory

Authors: Tobias Hiller

Addresses: Department of Microeconomics, University Leipzig, Grimmaische Str. 12, D-04109 Leipzig, Germany

Abstract: This paper employs the χ-value to analyse who benefits from investments in general and in specific human capital, the employer or the employee. Within this framework, we replicate the standard results of human capital theory.

Keywords: human capital investment; cooperative game theory; chi-value; employer benefits; employee benefits.

DOI: 10.1504/IJEBR.2013.054839

International Journal of Economics and Business Research, 2013 Vol.6 No.1, pp.20 - 27

Published online: 30 Dec 2013 *

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