Abstract
We analyze promotion policy when workers are privately informed regarding their abilities at the outset of their careers. We show that the resulting equilibrium outcomes coincide with the outcomes derived in the standard promotion framework where workers and firms do not possess private information at the start of their relationship (Waldman 1984).
Original language | English |
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Pages (from-to) | 2509-2514 |
Number of pages | 6 |
Journal | Economics Bulletin |
Volume | 38 |
Issue number | 4 |
State | Published - 1 Jan 2018 |
ASJC Scopus subject areas
- General Economics, Econometrics and Finance