Labor Economics and the Psychology of Organizations
- (pp. 89-110)
AbstractThis essay is a discussion of how economists are attempting to understand institutions within the organizations of the labor market. The institutions and issues discussed include mandatory retirement; discontinuous jumps in wages; pay compression; rights of tenure; up-or-out hierarchies; timing of raises, promotions and evaluations; the existence of partnerships; the use of bonuses vs. penalties; and pay as a motivator.
CitationLazear, Edward P. 1991. "Labor Economics and the Psychology of Organizations." Journal of Economic Perspectives, 5 (2): 89-110. DOI: 10.1257/jep.5.2.89
- J00 Labor and Demographic Economics: General