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firm's ability to adjust tournament prizes is constrained by the outside labor market, through the wages other firms are …
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A model of on-the-job training in the presence of a minimum wage is presented. This predicts that the minimum wage will have a negative effect on a worker's subsequent wage growth when the labour market is competitive but a U-shaped effect when it is not competitive. This prediction is then...
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This paper constructs and estimates a career decision model where individuals search for both career matching and employer matching to understand wage growth and career mobility using the NLSY79. It departs from previous papers in that career mobility decisions and participation decisions are...
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This paper studies the effect of increased competition in the product market on managerial incentives. I propose a … talent outside the efficient allocation. The effect of increased competition is ambiguous in general, and depends on the … competition …
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In standard promotion tournaments, contestants are ranked based on their output or productivity. We argue that workers’ career progression may also depend on their relative rankings in dimensions a priori unrelated to their job performance, such as visibility or in-person presence. Such...
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. -- career competition ; contest ; mediocracy …
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