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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao zbMATH Openarrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
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Article
Data sources: zbMATH Open
International Economic Review
Article . 1994 . Peer-reviewed
Data sources: Crossref
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Nonrevelation in Employment Contracts

Nonrevelation in employment contracts
Authors: Kuhn, Peter;

Nonrevelation in Employment Contracts

Abstract

Summary: I consider an employment contracting model in which firms have private information that is directly payoff relevant to workers, and workers are always free to quit. In contrast to existing models, firms will sometimes fail to reveal adverse information to workers in equilibrium because of the effect this will have on quits. Risk-averse workers can prefer such ``pooling'' contracts to separating ones because inducing truth telling requires firms to cut wages in states that are ``already'' bad for the worker. Applications to firms' incentives to reveal unsafe working conditions and impending layoffs or plant closures are discussed.

Keywords

Economics of information, Labor market, contracts, employment contracting, private information

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
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