External shocks may cause a decline in the productivity of fixed capital in certain regions of an economy. Exogenous obstacles to migration make it hard for workers in those regions to reallocate to more prosperous regions. In addition, firms may devise 'attachment' strategies to keep workers from moving out of a local labor market. When workers are compensated in kind, they find it difficult to raise the cash needed for migration. This endogenous...
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DETAILS
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2005/05/01
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Journal Article
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77487
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1
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1
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2013/05/23
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Disclosed
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Attaching workers through in-kind payments : theory and evidence from Russia
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human capital
Citation
Friebel,Guido; Guriev,Sergei M..
Attaching workers through in-kind payments : theory and evidence from Russia (English). Washington DC ; World Bank. http://documents.worldbank.org/curated/en/287631468107655148