Labor Economics and the Psychology of Organizations

Edward Lazear

Journal of Economic Perspectives, 1991, vol. 5, issue 2, 89-110

Abstract: This 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.

JEL-codes: J00 (search for similar items in EconPapers)
Date: 1991
Note: DOI: 10.1257/jep.5.2.89
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Citations: View citations in EconPapers (66)

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