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- W2028246502 abstract "This article analyzes properties and implications of multiperiod managerial labor contracts under two alternative hypotheses: incentives, in which productivity depends on unobservable effort, and learning, in which ability is unknown and is revealed over time. Shared and conflicting implications of these competing models are developed in terms of experienceearnings profiles and the relation between compensation and performance. I empirically examine these theoretical results by using a longitudinal sample of 1,488 chief executive officers followed from 1974-1985. The data yield mixed evidence that generally supports the learning hypothesis over the incentive hypothesis." @default.
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- W2028246502 date "1986-01-01" @default.
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- W2028246502 title "Incentives, Learning, and Compensation: A Theoretical and Empirical Investigation of Managerial Labor Contracts" @default.
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- W2028246502 doi "https://doi.org/10.2307/2555628" @default.
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