IDEAS home Printed from https://ideas.repec.org/p/erm/papers/0514.html

Fixed-wages, wage differentials and worker heterogeneities

Author

Listed:
  • CARLIER G.
  • GAUMONT D.

Abstract

We study incentive‐compatible labour contracts in the case where individual productivity, preference for leisure and time preference rate are unobservable by the principal in a two‐period model. We first reduce this three‐dimensional problem to a standard one‐dimensional screening problem. Features of second‐best labour contracts provide a rationale for both fixed‐wages and wage differentials.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Carlier G. & Gaumont D., 2005. "Fixed-wages, wage differentials and worker heterogeneities," Working Papers ERMES 0514, ERMES, University Paris 2.
    • Handle: RePEc:erm:papers:0514
    as

    Download full text from publisher

    File URL: http://ermes.u-paris2.fr/doctrav/0514
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:erm:papers:0514. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/ermp2fr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.