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| Tekijä: | Moen, E.R. Rosén, Å. |
| Otsikko: | Performance pay and adverse selection |
| Lehti: | Scandinavian Journal of Economics
2005 : VOL. 107:2, p. 279-298 |
| Asiasana: | Adverse selection Efficiency Payment systems Performance appraisal |
| Kieli: | eng |
| Tiivistelmä: | It is well known in personal economics that companies may improve the quality of their workforce by offering performance pay. This paper analyses an equilibrium model where worker productivity is private information and shows that the companies' gain from worker self-selection may not be matched by a corresponding social gain. |
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