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Compensation and competition for talent: Evidence from the financial industry
Journal article   Peer reviewed

Compensation and competition for talent: Evidence from the financial industry

Mariassunta Giannetti and Daniel Metzger
Finance Research Letters, Vol.12, pp.11-16
2015
DOI: https://doi.org/10.1016/j.frl.2014.12.007

Abstract

Competition for talent Finance labor market Optimal contracts Retention
We show that long-term compensation is associated with higher pay in the financial industry and this association is stronger in markets with high competition for talent. We argue that this evidence supports models of competition for talent based on retention motives.

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