High Compensation Creates a Ratchet Effect
Year of publication: |
2004-05
|
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Authors: | Gersbach, Hans ; Glazer, Amihai |
Institutions: | Institute for the Study of Labor (IZA) |
Subject: | principal-agent | compensation | moral hazard | wealth effects | Ratchet effects | high-powered incentives |
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Notes: | Number 1143 28 pages |
Classification: | D80 - Information and Uncertainty. General ; J30 - Wages, Compensation, and Labor Costs. General ; J60 - Mobility, Unemployment, and Vacancies. General |
Source: |
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High Compensation Creates a Ratchet Effect
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