Term Length and the Quality of Appointments
AbstractConsider a principal who appoints an agent. Let the agent potentially serve for a sufficiently long time that one principal is replaced by another over this period. Suppose also that the quality of the agent appointed increases with the effort the incumbent principal devotes to hiring. Then the quality of the appointment may increase with the length of the agent?s term. Moreover, policies such as mandatory retirement which increase a prinicpal?s concern for output after he leaves office, may induce better hiring.
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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 380.
Date of creation: 2000
Date of revision:
Hiring; tenure; quality of appointment;
Other versions of this item:
- Glazer, A. & Kanniainen, V., 2000. "Term Length and the Quality of Appointments," University of Helsinki, Department of Economics 485, Department of Economics.
- Glazer, A. & Kanniainen, V., 2000. "Term Length and the Quality of Appointment," Papers 00-04, California Irvine - School of Social Sciences.
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
- J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General
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