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A note on incentive wages with human capital formation Author info | Abstract | Publisher info | Download info | Related research | Statistics Muysken,Joan
Zwick,Thomas (METEOR)
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This paper shows that investment inhuman capital may be another reason for incentive wages in addition to "retain, recruit and motivate". It is shown under which circumstances firms pay wages in excess of the market clearing level in order to induce workers to invest. Investment in human capital is inefficient when workers can determine it due to rent sharing and sunk costs.
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Paper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number
012.
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Date of creation: 1996Date of revision:
Handle: RePEc:dgr:umamet:1996012Contact details of provider: Web page: http://edocs.ub.unimaas.nl/
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Keywords: labour economics ; References listed on IDEAS 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.:
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