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recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments …
Persistent link: https://www.econbiz.de/10010334074
recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments …
Persistent link: https://www.econbiz.de/10010343925
recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments …
Persistent link: https://www.econbiz.de/10005822027
recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments …
Persistent link: https://www.econbiz.de/10005785824
recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments …
Persistent link: https://www.econbiz.de/10010268856
recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments …
Persistent link: https://www.econbiz.de/10010264925
We show that establishing an internal labor market by offering combined contracts across hierarchy levels strictly dominates external recruitment when workers are homogeneous. The reason is that only an internal labor market can exploit higher tier rents for incentive provision on lower tiers....
Persistent link: https://www.econbiz.de/10011048204
It is well-known that, in static models, minimum wages generate positive worker rents and, consequently, ine?ciently low effort. We show that this result does not necessarily extend to a dynamic context. The reason is that, in repeated employment relationships, ?rms may exploit workers’ future...
Persistent link: https://www.econbiz.de/10010270019
It is well-known that, in static models, minimum wages generate positive worker rents and, consequently, ine?ciently low effort. We show that this result does not necessarily extend to a dynamic context. The reason is that, in repeated employment relationships, ?rms may exploit workers’ future...
Persistent link: https://www.econbiz.de/10004964139
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10010293214