Career Concerns with Coarse Information

Abstract

This paper develops a model of career concerns. The worker’s skill is revealed through output, wage is based on expected output, and so on assessed ability. Specifically, effort increases the probability that a skilled worker achieves a one-time breakthrough. Effort levels at different times are strategic substitutes. Equilibrium effort (and, if marginal… (More)

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Cite this paper

@inproceedings{Bonatti2011CareerCW, title={Career Concerns with Coarse Information}, author={Alessandro Bonatti and Johannes H{\"{o}rner}, year={2011} }