Signaling Drive Over the Long Term
University of British Columbia - Department of Economics
November 4, 2009
Economics Letters, Forthcoming
An agent's productivity depends on his responsiveness to existing incentives ("drive"). Over the long term, this heterogeneity in drive may create significant incentives for the agent to work hard even with vanishingly small amount of existing incentives, explicit or implicit.
Number of Pages in PDF File: 12
Keywords: career concerns, hidden heterogeneity, long run labor supply
JEL Classification: C70, D82, D23Accepted Paper Series
Date posted: May 29, 2010
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