
A note on wage differentials, fixed-wages and adverse selection
Carlier, Guillaume; Gaumont, Damien (2002), A note on wage differentials, fixed-wages and adverse selection, Economics Letters, 77, 3, p. 349-356. http://dx.doi.org/10.1016/S0165-1765(02)00147-7
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Article accepté pour publication ou publiéDate
2002Journal name
Economics LettersVolume
77Number
3Publisher
Elsevier
Pages
349-356
Publication identifier
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Show full item recordAbstract (EN)
Using a substitution property of worker’s types (productivity and time preference), we propose an explanation for both fixed-wages and wage differentials. Fixed-wages result in bunching at the optimum. Equally productive workers with different time preference accept different wages.Subjects / Keywords
Wage differentials; Fixed-wages; Labor contracts; Adverse selection; Heterogeneous time preferenceRelated items
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