Job competition, employability and incentives for human capital formation
Avner Shaked and
Adolfo Cristobal Campoamor
Authors registered in the RePEc Author Service: Adolfo Cristobal-Campoamor ()
MPRA Paper from University Library of Munich, Germany
This note describes the effects on human capital formation of rank-order tournaments offering identical prizes to a given share 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 final returns is maximized.
Keywords: Human capital formation; tournaments; benchmarking; public sector; employability (search for similar items in EconPapers)
JEL-codes: D8 I2 I24 J08 (search for similar items in EconPapers)
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Journal Article: Job competition, employability and incentives for human capital formation (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:56058
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