Unobservable Persistent Productivity and Long Term Contracts

B-Tier
Journal: Review of Economic Dynamics
Year: 2010
Volume: 13
Issue: 2
Pages: 333-349

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study the problem of a firm that faces asymmetric information about the persistent productivity of its potential workers. In our framework, a worker's productivity is either assigned by nature at birth, or determined by an unobservable initial action of the worker that has persistent effects over time. We provide a characterization of the optimal dynamic compensation

Technical Details

RePEc Handle
repec:red:issued:07-192
Journal Field
Macro
Author Count
2
Added to Database
2026-01-25