Career Concerns and the Acquisition of Firm-Specific Skills

Détails

ID Serval
serval:BIB_693C35364AC4
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Career Concerns and the Acquisition of Firm-Specific Skills
Périodique
Journal of the Japanese and International Economy
Auteur(s)
Sinclair-Desgagné B., Cadot O.
ISSN
0889-1583
Statut éditorial
Publié
Date de publication
2000
Peer-reviewed
Oui
Volume
14
Numéro
3
Pages
204-217
Langue
anglais
Résumé
This paper studies incentive schemes that can motivate a worker to acquire nonverifiable firm-specific skills, when the acquisition process is also one of learning about managerial talent. At the beginning of the employment relationship, the worker encounters opportunities to enhance his or her specific human capital. Greater skills may increase the chances of being promoted, but as more opportunities are taken, more is learned about the worker's intrinsic talent, and someone displaying low talent is sure not to be promoted. In this context we show that first-best firm-specific skills collection can be implemented with a scheme that combines discretionary promotions, an appropriate wage schedule and subsidies of training at the margin.
Web of science
Création de la notice
19/11/2007 11:31
Dernière modification de la notice
20/08/2019 15:24
Données d'usage