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Journal of Economic Perspectives: Vol. 5 No. 2 (Spring 1991)
JEP Volume. 5, Issue 2 | 
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Labor Economics and the Psychology of Organizations
Article Citation
Lazear, 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
DOI: 10.1257/jep.5.2.89
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.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Lazear, Edward P. (U Chicago and Hoover Institution)
JEL Classifications
J00: Labor and Demographic Economics: General
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