Englmaier, Florian; Fahn, Matthias; Glogowsky, Ulrich; … - 2023
offer a dynamic contract with low early-career wages, an unattractive intermediate qualification stage, and high end …-of-career wages. Upon reaching the qualification stage, present-biased employees exchange future wages for immediate rewards on an … alternative career path - a choice unanticipated by their previous, naive, self. Thus, employers never pay high future wages …