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Wage Profile and Monitoring under Adverse Selection

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  • Kyota Eguchi

    (Faculty of Economics, University of Tokyo.)

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    Abstract

    We consider wage profiles and monitoring under adverse selection and moral hazard, that is, extend the Lazear's shirking model to adverse selection. It is shown that workers with higher abilities are offered a steeper wage profile (high total payment) and frequent monitoring. As the self-selection theory shows, workers with high ability get information rent. If the rate of monitoring them were low, the low ability type would pretend to be the high ability type. Hence, to order the low ability type, high monitoring rate is offend to the high ability type.

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    File URL: http://www.cirje.e.u-tokyo.ac.jp/research/dp/99/cf45/contents.htm
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    Bibliographic Info

    Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-45.

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    Length: 20 pages
    Date of creation: Apr 1999
    Date of revision:
    Handle: RePEc:tky:fseres:99cf45

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