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Term Length and the Quality of Appointments

Author

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  • Glazer, A.
  • Kanniainen, V.

Abstract

Consider a pricipal who appoints an agent. Let the agent potentially serve for a sufficiently long time that one principal is replaced by another over this period. Suppose also that the quality of the agent appointed increases with the effort the incumbent principal devotes to hiring. Then the quality of the appointment may increase with the length of the agent's term. Moreover, policies such as mandatory retirement which increase a principal's consern for output after he leaves office, may induce better hiring.

Suggested Citation

  • Glazer, A. & Kanniainen, V., 2000. "Term Length and the Quality of Appointments," University of Helsinki, Department of Economics 485, Department of Economics.
    • Handle: RePEc:fth:helsec:485
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    References listed on IDEAS

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    Cited by:

    1. Glazer, A. & Kanniainen, V., 2000. "The Effects of Employment Protection on the Choice of Risky Projects," University of Helsinki, Department of Economics 487, Department of Economics.

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    More about this item

    Keywords

    APPOINTMENTS ; LONG TERM ; LABOUR;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General

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