Construct · 1 fields · 1 citations

career concerns: a standalone construct

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Labor economics

incentives that arise because the market infers ability from current performance, so workers exert effort to raise future wages even without explicit contracts.

In labor economics, career concerns refers to incentives that arise because the market infers ability from current performance, so workers exert effort to raise future wages even without explicit contracts. This meaning comes from Holmstrom (1999) in Review of Economic Studies.[1]

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Nearby constructs

analyst herding1 fields · 1 citationsanchor · a standalone construct current3 fields · 6 citationsjingle · one word, three constructs effort2 fields · 2 citationsjingle · one word, two constructs

References

Holmstrom, B. (1999). Managerial Incentive Problems: A Dynamic Perspective. Review of Economic Studies, 66(1), 169-182. https://doi.org/10.1111/1467-937x.00083

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