Humlum, Maria Knoth; Kleinjans, Kristin J.; Nielsen, … - School of Economics and Management, University of Aarhus - 2007
Standard economic models which focus on pecuniary payo¤s cannot explain why there are highly able individuals who choose careers with low pecuniary re- turns. Therefore, financial incentives are unlikely to be effective in influencing career choices of these individuals. Based on Akerlof and...