English, Article edition: FIXED-WAGES, WAGE DIFFERENTIALS AND WORKER HETEROGENEITIES GUILLAUME CARLIER; DAMIEN GAUMONT

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Bookmark: http://trove.nla.gov.au/version/120144
Physical Description
  • article
Language
  • English

Edition details

Title
  • FIXED-WAGES, WAGE DIFFERENTIALS AND WORKER HETEROGENEITIES
Author
  • GUILLAUME CARLIER
  • DAMIEN GAUMONT
Physical Description
  • article
Notes
  • We study incentive-compatible labour contracts in the case where individual productivity, preference for leisure and time preference rate are unobservable by the principal in a two-period model. We first reduce this three-dimensional problem to a standard one-dimensional screening problem. Features of second-best labour contracts provide a rationale for both fixed-wages and wage differentials. Copyright 2008 The Authors. Journal compilation 2008 Blackwell Publishing Ltd/​University of Adelaide and Flinders University.
  • RePEc:bla:ausecp:v:47:y:2008:i:4:p:320-333
Language
  • English
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