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, oligarchy, tradition, or government, prejudice may reduce some workers' pay and a disadvantageous secondary labor market may … emerge. By contrast in competitive free markets, exclusionary discrimination often occurs but does not reduce workers' pay …
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-- chapter 5 Disability -- chapter 6 Pregnancy and maternity -- chapter 7 Race, colour, ethnicity and migrant workers -- chapter …
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of such contracts and reduce efficiency. Alternatively, by making it costly for firms to dismiss older workers paid in … workers that firms must make under Lazear contracts. Given that employers remain able to use financial incentives to induce … retirement, age discrimination laws may instead strengthen the bonds between workers and firms and encourage efficient Lazear …
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of such contracts and reduce efficiency. Alternatively, by making it costly for firms to dismiss older workers paid in … workers that firms must make under Lazear contracts. Given that employers remain able to use financial incentives to induce … retirement, age discrimination laws may instead strengthen the bonds between workers and firms and encourage efficient Lazear …
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In Lazear's model of long-term incentive contracts, age discrimination laws barring age-based involuntary terminations preclude such contracts, reducing efficiency. Alternatively, such laws may serve as precommitment devices for these contracts, without preventing firms from offering strong...
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