Career concerns with exponential learning
This paper examines the interplay between career concerns and market structure. Ability and effort are complements: effort increases the probability that a skilled agent achieves a one-time breakthrough. Wages are based on assessed ability and on expected output. Effort levels at different times are...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
The Econometric Society
2017
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| Online Access: | http://hdl.handle.net/1721.1/110011 https://orcid.org/0000-0002-9150-2334 |