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Job competition, employability and incentives for human capital formation

Adolfo Cristobal Campoamor ()
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Adolfo Cristobal Campoamor: University Loyola Andalusia

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Economics Bulletin, 2015, vol. 35, issue 1, 550-560

Abstract: This note describes the effects on human capital formation of rank-order tournaments offering identical prizes to a given number of the ranked contestants. This compensation scheme is thought to resemble the selection processes in different areas of the public administration, particularly in Southern European countries. In the presence of contestants with identical ability, the incentives for educational effort are highest when the variance of fiÂ…nal returns is maximized.

Keywords: human capital; tournaments; imperfect information; public sector; contests (search for similar items in EconPapers)
JEL-codes: D0 M5 (search for similar items in EconPapers)
Date: 2015-03-12
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