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- W3189342372 abstract "Optimally reallocating human capital to tasks is key for an organization to successfully navigate a transition. We study how to design employment contracts to allocate employees to different valuable projects within an organization given two simultaneous challenges: The employees have private information about their cost of effort, and they exert unobservable effort. The optimal contract menu pairs a higher probability of assignment to a valuable project with a lower bonus in case of success. In limited cases, a fixed salary may be offered to employees with high effort cost. We link our results to job design features encountered in practice. (This abstract was borrowed from another version of this item.)" @default.
- W3189342372 created "2021-08-16" @default.
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- W3189342372 date "2018-03-01" @default.
- W3189342372 modified "2023-09-27" @default.
- W3189342372 title "The Cost of a Bad Hire: Optimal Contracts under Selection Concerns" @default.
- W3189342372 hasPublicationYear "2018" @default.
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