Career concerns, contracts, and effort distortions
Författare
Summary, in English
A two-period, career-concerns model with symmetric information but uncertainty about each worker's ability is analyzed. Contracts are unobservable, but incomes are observable. It is shown that effort is distorted upward by contracts being unobservable and that the distortion depends positively on turnover.
Avdelning/ar
Publiceringsår
2002
Språk
Engelska
Sidor
42-58
Publikation/Tidskrift/Serie
Journal Labor Economics
Volym
20
Issue
1
Dokumenttyp
Artikel i tidskrift
Förlag
University of Chicago Press
Ämne
- Economics
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1537-5307