Promotion rules and skill acquisition : An experimental study

Abstract

Gibbons (1998) identifies a tradeoff between up-or-stay and up-or-out promotion rules. Upor-stay never wastes skills of those not promoted but may provide insufficient incentives to invest in skills. Up-or-out on the other hand can always induce investment in skill acquisition but may waste the skills of those not promoted. This paper reports about an… (More)

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