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Working Paper 1997-006A

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"Economic Models of Employee Motivation"
by Joseph Ritter, and Lowell J. Taylor

Workers, being human beings, present employers with a range of tricky problems. Humans, unlike filing cabinets, can be crooked, subversive, surly, or indolent, even if they are paid on time. In this article we explore economists' main models of how compensation is used to address employee motivation and how these models help to explain puzzling features of the labor market.

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Category > Monetary Policy/Macroeconomics