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.
International Journal of Economics and Business Research, 2013 Vol.6 No.1, pp.20 - 27
Received: 08 May 2021
Accepted: 12 May 2021
Published online: 09 Jun 2013 *