information about the agent's quality improves. In the standard spot-market setup, by contrast, when the parameter measures the … agent's "quality", the Pareto frontier shifts inwards with better information. Commitment is therefore more valuable when … accumulates. -- principal-agent model ; optimal contract ; learning ; private information ; reputation ; career …

This paper studies the design of optimal contracts in dynamic environments where agents learn by doing. We derive a … condition under which contracts are fully incentive compatible. A closed-form solution is obtained when agents have CARA utility …

cohort. -- immigrants ; asymmetric information ; labor contracts ; self-employment ; incentive compatibility … consequences aspects of labor migration, only a handful discusses asymmetric information across transnational labor markets despite … this phenomenon based on asymmetric information in the host country labor market. We focus on the design of a contract menu …

combined with firm and worker information asymmetries. It may be optimal for the parties to work 'long hours' remunerated at …

During the last two decades economists have made much progress in understanding incentives, contracts and organisations …

Temporary employment contracts are often regarded as 'stepping stones' for workers' careers, because they can help … contract duration, exploiting a Dutch policy reform that shortened the maximum duration of sequences of temporary contracts … register data, we show that the reform accelerated the transitions of temporary workers to permanent contracts with the same …