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! ]
Career Concerns in a Simple Experimental Labour Market Author info | Abstract | Publisher info | Download info | Related research | Statistics Irlenbusch, Bernd (University of Erfurt)
Sliwka, Dirk () (University of Bonn and IZA Bonn)
Additional information is available for the following
registered author(s):
We experimentally investigate a simple version of Holmström’s career concerns model in which firms compete for agents in two consecutive periods. Profits of firms are determined by agents’ unknown ability and the effort they choose. Before making second-period wage offers firms are informed about first-period profits. In a different treatment firms additionally learn the abilities of agents. Theory suggests high first-period equilibrium effort in the hidden ability treatment but no effort elsewhere. However, we find that effort is significantly higher in the revealed ability treatment and therefore conclude that transparency does not weaken, but strengthen career concerns incentives.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number
855.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length: 31 pages
Date of creation: Aug 2003Date of revision:
Handle: RePEc:iza:izadps:dp855Contact details of provider: Postal: IZA, P.O. Box 7240, D-53072 Bonn, Germany Phone: +49 228 3894 223 Fax: +49 228 3894 180 Web page: http://www.iza.org
Order Information: Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany Email:
For technical questions regarding this item, or to correct its listing, contact: (Mark Fallak).
Keywords: incentives ; labour market ; reputation ; reciprocity ; career concerns ; Other versions of this item:
Find related papers by JEL classification: C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
This paper has been announced in the following NEP Reports :
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.: Ernst Fehr & Simon Gaechter, .
"Fairness and Retaliation: The Economics of Reciprocitys ,"
IEW - Working Papers
iewwp040, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Other versions: Huck, Steffen, 1999.
"Responder behavior in ultimatum offer games with incomplete information ,"
Journal of Economic Psychology ,
Elsevier, vol. 20(2), pages 183-206, April.
[Downloadable!] (restricted)
Dufwenberg, Martin & Gneezy, Uri, 2000.
"Measuring Beliefs in an Experimental Lost Wallet Game ,"
Games and Economic Behavior ,
Elsevier, vol. 30(2), pages 163-182, February.
[Downloadable!] (restricted)
Dewatripont, Mathias & Jewitt, Ian & Tirole, Jean, 1999.
"The Economics of Career Concerns, Part II: Application to Missions and Accountability of Government Agencies ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 66(1), pages 199-217, January.
[Downloadable!] (restricted)
Ernst Fehr & Klaus M. Schmidt, .
"Fairness, Incentives, and Contractual Choices ,"
IEW - Working Papers
iewwp020, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Other versions:
Fehr, Ernst & Schmidt, Klaus M., 2000.
"Fairness, incentives, and contractual choices ,"
European Economic Review ,
Elsevier, vol. 44(4-6), pages 1057-1068, May.
[Downloadable!] (restricted) Clark, Kenneth & Sefton, Martin, 2001.
"The Sequential Prisoner's Dilemma: Evidence on Reciprocation ,"
Economic Journal ,
Royal Economic Society, vol. 111(468), pages 51-68, January.
[Downloadable!] (restricted)
Dufwenberg, Martin & Kirchsteiger, Georg, 2000.
"Reciprocity and wage undercutting ,"
European Economic Review ,
Elsevier, vol. 44(4-6), pages 1069-1078, May.
[Downloadable!] (restricted)
Ernst Fehr & Simon Gachter & Georg Kirchsteiger, 1997.
"Reciprocity as a Contract Enforcement Device: Experimental Evidence ,"
Econometrica ,
Econometric Society, vol. 65(4), pages 833-860, July.
Fehr, Ernst & Kirchsteiger, George & Riedl, Arno, 1993.
"Does Fairness Prevent Market Clearing? An Experimental Investigation ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 108(2), pages 437-59, May.
[Downloadable!] (restricted)
Abbink, Klaus & Irlenbusch, Bernd & Renner, Elke, 2000.
"The moonlighting game: An experimental study on reciprocity and retribution ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 42(2), pages 265-277, June.
[Downloadable!] (restricted)
Roland Benabou & Jean Tirole, 2003.
"Intrinsic and Extrinsic Motivation ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 70(3), pages 489-520, 07.
[Downloadable!] (restricted)
Dewatripont, Mathias & Jewitt, Ian & Tirole, Jean, 1999.
"The Economics of Career Concerns, Part I: Comparing Information Structures ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 66(1), pages 183-98, January.
[Downloadable!] (restricted)
Eline C.M. van der Heijden & Jan H.M. Nelissen & Jan J.M. Potters & Harrie A.A. Verbon, 2001.
"Simple and Complex Gift Exchange in the Laboratory ,"
Tinbergen Institute Discussion Papers
01-087/3, Tinbergen Institute.
[Downloadable!]
Other versions:
Heijden, E.C.M. van der & Nelissen, J.H.M. & Potters, J.J.M., 1999.
"Simple and complex gift exchange in the laboratory ,"
Discussion Paper
78, Tilburg University, Center for Economic Research.
[Downloadable!] van der Heijden, Eline C M, et al, 2001.
"Simple and Complex Gift Exchange in the Laboratory ,"
Economic Inquiry ,
Oxford University Press, vol. 39(2), pages 280-97, April.
Mitzkewitz, Michael & Nagel, Rosemarie, 1993.
"Experimental Results on Ultimatum Games with Incomplete Information ,"
International Journal of Game Theory ,
Springer, vol. 22(2), pages 171-98.
Gibbons, Robert & Waldman, Michael, 1999.
"Careers in organizations: Theory and evidence ,"
Handbook of Labor Economics ,
in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 36, pages 2373-2437
Elsevier.
[Downloadable!] (restricted)
Fama, Eugene F, 1980.
"Agency Problems and the Theory of the Firm ,"
Journal of Political Economy ,
University of Chicago Press, vol. 88(2), pages 288-307, April.
[Downloadable!] (restricted)
Gibbons, Robert & Murphy, Kevin J, 1992.
"Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence ,"
Journal of Political Economy ,
University of Chicago Press, vol. 100(3), pages 468-505, June.
[Downloadable!] (restricted)
Other versions:
Murphy, K.J. & Gibbons, R., 1990.
"Optimal Incentive Contracts in the Presence of Career Concerns : Theory and Evidence ,"
Papers
90-09, Rochester, Business - Managerial Economics Research Center.
Gibbons, R. & Murphy, K.J., 1990.
"Optimal Incentive Contracts In The Presence Of Career Concerns: Theory And Evidence ,"
Working papers
563, Massachusetts Institute of Technology (MIT), Department of Economics.
Guth, Werner & Huck, Steffen & Ockenfels, Peter, 1996.
"Two-Level Ultimatum Bargaining with Incomplete Information: An Experimental Study ,"
Economic Journal ,
Royal Economic Society, vol. 106(436), pages 593-604, May.
[Downloadable!] (restricted)
Emmanuelle Auriol & Guido Friebel & Lambros Pechlivanos, 2002.
"Career Concerns in Teams ,"
Journal of Labor Economics ,
University of Chicago Press, vol. 20(2), pages 289-307, Part.
[Downloadable!]
Fehr, Ernst & Klein, Alexander & Schmidt, Klaus M., 2001.
"Fairness, Incentives and Contractual Incompleteness ,"
CEPR Discussion Papers
2790, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions:
Ernst Fehr & Alexander Klein & Klaus M. Schmidt, .
"Fairness, Incentives and Contractual Incompleteness ,"
IEW - Working Papers
iewwp072, Institute for Empirical Research in Economics - IEW.
[Downloadable!] Fehr, Ernst & Klein, Alexander & Schmidt, Klaus M., 2001.
"Fairness, Incentives and Contractual Incompleteness ,"
Discussion Papers in Economics
18, University of Munich, Department of Economics.
[Downloadable!] Ernst Fehr & Alexander Klein & Klaus Schmidt, 2001.
"Fairness, Incentives and Contractual Incompleteness ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!] Robert Gibbons & Kevin J. Murphy, 1992.
"Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence ,"
NBER Working Papers
3792, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Fredrik Andersson, 2002.
"Career Concerns, Contracts, and Effort Distortions ,"
Journal of Labor Economics ,
University of Chicago Press, vol. 20(1), pages 42-58, January.
[Downloadable!]
Kagel, John H. & Kim, Chung & Moser, Donald, 1996.
"Fairness in Ultimatum Games with Asymmetric Information and Asymmetric Payoffs ,"
Games and Economic Behavior ,
Elsevier, vol. 13(1), pages 100-110, March.
[Downloadable!] (restricted)
Full
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.)
Alexander K. Koch & Albrecht Morgenstern & Philippe Raab, 2004.
"An experimental test of career concerns ,"
Royal Holloway, University of London: Discussion Papers in Economics
04/31, Department of Economics, Royal Holloway University of London, revised Nov 2004.
[Downloadable!]
Other versions:
Alexander K. Koch & Albrecht Morgenstern & Philippe Raab, 2004.
"An experimental test of career concerns ,"
Bonn Econ Discussion Papers
bgse20_2004, University of Bonn, Germany.
[Downloadable!] Koch, Alexander K. & Morgenstern, Albrecht & Raab, Philippe, 2004.
"An Experimental Test of Career Concerns ,"
IZA Discussion Papers
1405, Institute for the Study of Labor (IZA).
[Downloadable!] Alexander K. Koch & Albrecht Morgenstern & Philippe Raab, 2009.
"Career concerns incentives: An experimental test ,"
Economics Working Papers
2009-01, School of Economics and Management, University of Aarhus.
[Downloadable!]
Other versions:
Access and
download statistics Did you know? IDEAS also indexes book chapters .
This page was last updated on 2009-12-14.
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 .