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: | English |
| Published: |
The Econometric Society,
2017-06-19T14:55:39Z.
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| Subjects: | |
| Online Access: | Get fulltext |