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Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence

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NBER1991-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3792
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This paper studies career concerns -- concerns about the effects of current performance on future compensation -- and describes how optimal incentive contracts are affected when career concerns are taken into account. Career concerns arise frequently: they occur whenever the market uses a worker's
提供机构:
美国国家经济研究局
创建时间:
1991-07-01
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