Knoth Humlum, Maria; Kleinjans, Kristin J.; Skyt … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Standard economic models which focus on pecuniary payoffs cannot explain why there arehighly able individuals who choose careers with low pecuniary returns. Therefore, financialincentives are unlikely to be effective in influencing career choices of these individuals.Based on Akerlof and Kranton...