Job Responsibility, Pay and Promotion
研究薪酬和晋升前景如何与工作责任相关，模型显示雇主通过解雇合同激励员工，最优工资随责任增加，并通过构建职业阶梯和晋升前景降低激励成本。
How are pay and promotion prospects related to job responsibility? A job entails responsibility to the extent that the value of the job outcome is sensitive to the worker's input of effort. In my model, an employer uses termination contracts to elicit effort from workers. The optimal wage increases with responsibility. I show that the employer can reduce incentive costs by structuring a job ladder and offering workers a self-enforcing prospect of promotion. In fact, the employers will choose to pay differentiated wages to identical workers in identical jobs, promoting, workers from the lower-paying to the higher-paying positions as vacancies occur.