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Bonus culture : competitive pay, screening, and multitasking
Bénabou, Roland; Tirole, Jean - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10009729417
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Optimal incentive contracts under inequity aversion
Englmaier, Florian (contributor); Wambach, Achim (contributor) - 2005
We analyze the Moral Hazard problem, assuming that agents are inequity averse. Our results differ from conventional contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters the structure of optimal contracts. Second, there is a...
Persistent link: https://www.econbiz.de/10003011503
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Information and competition entry
Ewers, Mara - 2012
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …
Persistent link: https://www.econbiz.de/10009534049
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Unawareness and selective disclosure : the effect of school quality information on property prices
Haisken-DeNew, John P.; Hasan, Syed; Jha, Nikhil; … - 2016
The Australian Government launched the My School website in 2010 to provide standardised information about the quality … Victoria to estimate the effect of the publication of school quality information on property prices. We use a difference …-in-difference approach to estimate the causal effect of the release of information about high-quality and low-quality schools relative to …
Persistent link: https://www.econbiz.de/10011595222
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The effects of occupational knowledge : job information centers, educational choices, and labor market outcomes
Saniter, Nils Peter (contributor);  … - 2014
outcomes. We proxy occupational knowledge with mandatory visits to job information centers (JICs) in Germany while still … the comprehensive information service when they were young. The results suggest that individuals, who went to school in …
Persistent link: https://www.econbiz.de/10010342371
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Hidden action, identification, and organization design
Schnedler, Wendelin - 2010
Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...
Persistent link: https://www.econbiz.de/10009303451
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Treating equals unequally : incentives in teams, workers' motivation and production technology
Goerg, Sebastian; Kube, Sebastian; Zultan, Ro'i - 2009
The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...
Persistent link: https://www.econbiz.de/10003800929
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Can higher bonuses lead to less effort? : incentive reversal in teams
Klor, Esteban F.; Kube, Sebastian; Winter, Eyal; … - 2011
Conventional wisdom suggests that an increase in monetary incentives should induce agents to exert higher effort. In this paper, however, we demonstrate that this may not hold in team settings. In the context of sequential team production with positive externalities between agents, incentive...
Persistent link: https://www.econbiz.de/10009230143
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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...
Persistent link: https://www.econbiz.de/10009681440
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The adverse consequences of tournaments : evidence from a field experiment
De Paola, Maria; Gioia, Francesca; Scoppa, Vincenzo - 2016
We run a field experiment to investigate whether competing in rank-order tournaments with different prize spreads affects individual performance. Our experiment involved students from an Italian University who took an intermediate exam in which one part was awarded on the basis of their relative...
Persistent link: https://www.econbiz.de/10011455813