On Weitzman's ‘recession resistant’ employee compensation arrangements |
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| Authors: | Karl O. Moene Tone Ognedal |
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| Affiliation: | University of Oslo, Blindern, Oslo 3, Norway |
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| Abstract: | This note presents a slight modification of the alternative pay systems discussed by Weitzman (1983). The modification preserves the recession resistance property, yet guarantees that the workers already in the firm, will not become worse off by the conversion to the new pay system even when no other firm converts to it. |
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