Corporate Tournaments, Human Capital Acquisition, and the Firm Size-Wage Relation
构建模型解释企业规模-工资效应和行业间工资差异，认为企业锦标赛激励工人积累通用人力资本以争取晋升，而奖金由外部市场决定，因此大企业和技术密集型企业中工人积累更多人力资本并获得更高工资。
This paper provides a possible explanation for the empirically observed size-wage effect and inter-industry wage differences. It develops a model in which incentives for workers to accumulate general human capital are provided by corporate tournaments, where workers with the highest level of general human capital win promotions. Given that the prizes in such tournaments are determined by outside market conditions, the investment and the equilibrium wages depend on firm and industry characteristics. The model implies that workers in bigger firms and in more technology intensive and profitable firms and industries acquire more human capital and receive higher wages and benefits.