Job competition, employability and incentives for human capital formation

This note describes the effects on human capital formation of rank-order tournaments offering identical prizes to a given share of the ranked contestants. This compensation scheme is thought to resemble the selection processes in different areas of the public administration, particularly in Southern European countries. In the presence of contestants with identical ability, the incentives for educational effort are highest when the variance of final returns is maximized.

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Year of publication:	2014-05-18
Authors:	Shaked, Avner ; Cristobal Campoamor, Adolfo
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Human capital formation \| tournaments \| benchmarking \| public sector \| employability

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D8 - Information and Uncertainty ; I2 - Education ; i24 ; J08 - Labor Economics Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011107729