Construct · 1 fields · 1 citations

Lazear deferred compensation model: a standalone construct

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Labor economics

model in which firms pay workers below their productivity when young and above it when old to deter shirking, making mandatory retirement part of the contract.

In labor economics, Lazear deferred compensation model refers to model in which firms pay workers below their productivity when young and above it when old to deter shirking, making mandatory retirement part of the contract. This meaning comes from Lazear (1979) in Journal of Political Economy.[1]

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Nearby constructs

compensation2 fields · 2 citationsjingle · one word, two constructs labor4 fields · 4 citationsjingle · one word, four constructs model3 fields · 3 citationsjingle · one word, three constructs

References

Lazear, E. P. (1979). Why Is There Mandatory Retirement? Journal of Political Economy, 87(6), 1261-1284. https://doi.org/10.1086/260835

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