| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16704 |
| DP16704 Shining with the stars: competition, screening, and concern for coworkers' quality | |
| Francesca Barigozzi; Helmuth Cremer | |
| 发表日期 | 2021-11-09 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We study how workers' concern for coworkers' ability (CfCA) affects competition in the labor market. We consider two firms offering nonlinear contracts to a unit mass of prospective workers. Firms may differ in their marginal productivity, while workers are heterogeneous in their ability (high or low), and in their taste for being employed by any of the two firms. Workers receive a utility premium when employed by the firm hiring the workforce with larger average ability and they suffer a utility loss in the opposite case. These premiums/losses are endogenously determined. When workers' ability is observable and the difference in firms' marginal productivities is strictly positive, we show that CfCA increases surplus but it also increases firms' competition for high-ability workers. As a result, CfCA benefits high-ability workers but is detrimental to firms. In addition, CfCA exacerbates the existing distortion in sorting of high-ability workers to firms: too many workers are hired by the least efficient firm. When ability is not observable, the additional surplus appropriated by high-ability workers is eroded by overincentivization (countervailing incentives) and the more so when CfCA is high. Conversely, high-types' sorting improves when CfCA is low and remains the same when it is high. |
| 主题 | Industrial Organization ; Organizational Economics |
| 关键词 | Concern for coworkers' quality Competition Screening Sorting |
| URL | https://cepr.org/publications/dp16704 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545640 |
| 推荐引用方式 GB/T 7714 | Francesca Barigozzi,Helmuth Cremer. DP16704 Shining with the stars: competition, screening, and concern for coworkers' quality. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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