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Status and Incentives Author info | Abstract | Publisher info | Download info | Related research | Statistics Emmanuelle Auriol (ARQADE and IDEI, Université des Sciences Sociales de Toulouse, and Institut Universitaire de France)
Régis Renault () (Université de Cergy-Pontoise, Théma and Institut Universitaire de France)
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The paper introduces status as reflecting an agent's claim to recognition in her work. It is a scarce resource: increasing an agent's status requires that another agent's status is decreased. Higher status agents are more willing to exert effort in exchange for money; better-paid agents would exert a higher effort in exchange for an improved status. Results are coherent with actual management practices: (i) egalitarianism is desirable in a static context; (ii) in a long-term work relationship, juniors' compensations are delayed; past performances are recompensed by pay increases along with an improved status within the organization's hierarchy.
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Paper provided by THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise in its series THEMA Working Papers with number
2007-01.
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Date of creation: 2007Date of revision:
Handle: RePEc:ema:worpap:2007-01Contact details of provider: Postal: 33, boulevard du port - 95011 Cergy-Pontoise Cedex Phone: 33 1 34 25 60 63 Fax: 33 1 34 25 62 33 Email: Web page: http://www.u-cergy.fr/thema More information through EDIRC
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Keywords: repeated moral hazard internal labor markets social status Other versions of this item:
Find related papers by JEL classification: D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production M12 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Personnel Management; Executive Compensation J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
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references 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.)
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