This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Corporate Tournaments, Human Capital Acquisition, and the Firm Size-Wage Relation

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Zabojnik, Jan
Bernhardt, Dan

Additional information is available for the following registered author(s):

Abstract

This paper provides a possible explanation for the empirically observed size-wage effect and inter-industry wage differences. It develops a model in which incentives for workers to accumulate general human capital are provided by corporate tournaments, where workers with the highest level of general human capital win promotions. Given that the prizes in such tournaments are determined by outside market conditions, the investment and the equilibrium wages depend on firm and industry characteristics. The model implies that workers in bigger firms and in more technology intensive and profitable firms and industries acquire more human capital and receive higher wages and benefits. Copyright 2001 by The Review of Economic Studies Limited

Download Info
To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Publisher Info
Article provided by Blackwell Publishing in its journal Review of Economic Studies.

Volume (Year): 68 (2001)
Issue (Month): 3 (July)
Pages: 693-716
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:bla:restud:v:68:y:2001:i:3:p:693-716

Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6527

Order Information:
Web: http://www.blackwellpublishing.com/subs.asp?ref=0034-6527

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords:

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Alexander K. Koch & Eloïc Peyrache, 2005. "Tournaments, Individualized Contracts and Career Concerns," IZA Discussion Papers 1841, Institute for the Study of Labor (IZA). [Downloadable!]
  2. Montserrat Vilalta-Bufi, 2007. "Labor mobility and Inter-industry Wage Variation," DEGIT Conference Papers c012_024, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
  3. Jan Zabojnik, 2008. "Promotion Tournaments in Market Equilibrium," Working Papers 1193, Queen's University, Department of Economics. [Downloadable!]
  4. Matthias Kräkel, 2005. "Emotions and the Optimality of Unfair Tournaments," Discussion Papers 45, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
  5. Kelly Edmiston, 2004. "The small business role in economic development," Community Affairs Research Working Paper 2005-01, Federal Reserve Bank of Kansas City. [Downloadable!]
  6. Kong-Pin Chen, 2004. "External Recruitment as an Incentive Device," Econometric Society 2004 Far Eastern Meetings 514, Econometric Society. [Downloadable!]
    Other versions:
  7. Laia Castany & Enrique Lopez-Bazo & Rosina Moreno, 2007. "Do innovation and human capital explain the productivity gap between small and large firms?," IREA Working Papers 200716, University of Barcelona, Research Institute of Applied Economics, revised Nov 2007. [Downloadable!]
  8. Gibbons, Robert & Waldman, Michael, 2003. "Enriching a Theory of Wage and Promotion Dynamics Inside Firms," Working papers 4324-03, Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
    Other versions:
  9. Alexander K. Koch & Eloic Peyrache, 2005. "Aligning Ambition and Incentives," Royal Holloway, University of London: Discussion Papers in Economics 05/03, Department of Economics, Royal Holloway University of London, revised Mar 2005. [Downloadable!]
    Other versions:
  10. Kräkel, Matthias, 2004. "Emotions and Incentives," IZA Discussion Papers 1270, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  11. Kameshwari Shankar & Suman Ghosh, 2005. "Favorable Selection in the Labor Market: A Theory of Worker Mobility in R&D Intensive Industries," Working Papers 05006, Department of Economics, College of Business, Florida Atlantic University. [Downloadable!]
  12. Claudio Michelacci & Vincenzo Quadrini, 2005. "Financial Markets and Wages," NBER Working Papers 11050, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
Statistics
Access and download statistics

Did you know? There are over 21000 authors registered on RePEc Author Service.

This page was last updated on 2009-11-22.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.