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Career Concerns in a Simple Experimental Labour Market

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dc.creator Irlenbusch, Bernd
dc.creator Sliwka, Dirk
dc.date 2003
dc.date.accessioned 2013-10-16T07:08:40Z
dc.date.available 2013-10-16T07:08:40Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20098
dc.identifier ppn:368840662
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20098
dc.description We experimentally investigate a simple version of Holmström?s career concerns model in which firms compete for agents in two consecutive periods. Profits of firms are determined by agents? unknown ability and the effort they choose. Before making second-period wage offers firms are informed about first-period profits. In a different treatment firms additionally learn the abilities of agents. Theory suggests high first-period equilibrium effort in the hidden ability treatment but no effort elsewhere. However, we find that effort is significantly higher in the revealed ability treatment and therefore conclude that transparency does not weaken, but strengthen career concerns incentives.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 855
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J33
dc.subject C91
dc.subject C72
dc.subject ddc:330
dc.subject incentives
dc.subject labour market
dc.subject reputation
dc.subject reciprocity
dc.subject career concerns
dc.subject Leistungsanreiz
dc.subject Führungskräfte
dc.subject Erwerbsverlauf
dc.subject Arbeitsnachfrage
dc.subject Spieltheorie
dc.subject Experiment
dc.title Career Concerns in a Simple Experimental Labour Market
dc.type doc-type:workingPaper


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