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Author Question: Why, in the labor market, are contracts often designed to include a variable salary component that ... (Read 83 times)

rlane42

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on: Apr 19, 2019

Why, in the labor market, are contracts often designed to include a variable salary component that is tied to some measure of performance?


◦ Such contracts are considered the fairest to employees under fair labor standard laws.
◦ Most people are risk-averse and thus variability in their compensation leads to higher total utility.
◦ Firms use such contracts to differentiate between high and low quality workers.
◦ These contracts tend to attract employees with the lowest probability of switching jobs.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by rlane42 on Apr 19, 2019

CAPTAINAMERICA

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rlane42

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Reply #2 on: Apr 19, 2019
Thanks


CAPTAINAMERICA

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Reply #3 on: Apr 19, 2019
Welcome :)


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