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"Hold-up" in Finance: The Conditions of Possibility for High Bonuses in the Financial Industry

Pay in the financial industry can be very high, and understanding how it gets determined is a key to understanding the wage labor nexus. The fact that some employees acquire "holdup" power is more relevant in explaining this phenomenon than the idea of optimal effort incentives. To better... Full description

1st Person: Godechot, Olivier
Additional Persons: Jacobs, Amy
Source: in Revue française de sociologie Vol. 49 (2008), p. 95-123
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Type of Publication: Article
Language: English
Published: 2008
Online: Volltext
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