Monopsony and Backloaded Compensation: Theory and Evidence from Public Accountants
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In monopsony models, wage markdowns induce deadweight loss and are therefore inefficient. Yet markdowns also arise in models with backloaded efficiency pay, where they are designed to induce effort among early-career workers and are thus efficient. To reconcileand empirically distinguishthese two
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美国国家经济研究局创建时间：
2026-07-01
