Labor Economics and the Psychology of Organizations

This essay is a discussion of how economists are attempting to understand institutions within the organizations of the labor market. The institutions and issues discussed include mandatory retirement; discontinuous jumps in wages; pay compression; rights of tenure; up-or-out hierarchies; timing of raises, promotions and evaluations; the existence of partnerships; the use of bonuses vs. penalties; and pay as a motivator.

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Year of publication:	1991
Authors:	Lazear, Edward P.
Published in:	Journal of Economic Perspectives. - American Economic Association - AEA. - Vol. 5.1991, 2, p. 89-110
Publisher:	American Economic Association - AEA

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Extent:	application/pdf
Type of publication:	Article
Notes:	DOI: 10.1257/jep.5.2.89
Classification:	J00 - Labor and Demographic Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005237656