Self-Selection via Fringe Benefits
扩展了自我选择理论,解释为何在有限市场条件下企业会提供包含附加福利的多维薪酬包,对研究薪酬设计和劳动力市场的学者有参考价值。
This paper extends the theory of self-selection to circumstances in which economic agents have some access to markets. We use the analysis to explain the existence of multidimensional compensation packages in the presence of limited (re)marketability. Employment contracts that include fringe benefits are prominent examples of such multidimensional packages.