A note on wage differentials, fixed-wages and adverse selection.

Using a substitution property of worker’s types (productivity and time preference), we propose an explanation for both fixed-wages and wage differentials. Fixed-wages result in bunching at the optimum. Equally productive workers with different time preference accept different wages.

MoreLess

Year of publication:	2002
Authors:	Carlier, Guillaume ; Gaumont, Damien
Institutions:	Université Paris-Dauphine
Subject:	Wage differentials \| Fixed-wages \| Labor contracts \| Adverse selection \| Heterogeneous time preference

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Open Access publications from Université Paris-Dauphine.
Type of publication:	Book / Working Paper
Language:	Hungarian
Notes:	Published in Economics Letters (2002) v.77, p.349-356
Classification:	D82 - Asymmetric and Private Information ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009019019