Similar Search Results

Bonus Culture : Competitive Pay, Screening, and Multitasking

Bénabou, Roland - 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/10013083378

Job Assignments Under Moral Hazard : The Peter Principle Revisited

Koch, Alexander K. - 2008

The Peter Principle captures two stylized facts about hierarchies: first, promotions often place employees into jobs for which they are less well suited than for that previously held. Second, demotions are extremely rare. Why do organizations not correct 'wrong' promotion decision? This paper...

Persistent link: https://www.econbiz.de/10012773414

Unawareness and Selective Disclosure : The Effect of School Quality Information on Property Prices

Haisken-DeNew, John P. - 2017

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/10012966818

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/10013108628

The Impact of Social Comparisons on Reciprocity

Gächter, Simon; Sefton, Martin - 2021

We investigate the effects of pay comparison information (i.e. information about what co-workers earn) and effort … comparison information (information about how co-workers perform) in experimental firms composed of one employer and two … employees. Exposure to pay comparison information in isolation from effort comparison information does not appear to affect …

Persistent link: https://www.econbiz.de/10013325039

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/10013135820

Base Salaries, Bonus Payments, and Work Absence Among Managers in a German Company

Pfeifer, Christian - 2013

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/10013089005

Can Higher Bonuses Lead to Less Effort? Incentive Reversal in Teams

Klor, Esteban F. - 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/10013129921

Treating Equals Unequally : Incentives in Teams, Workers' Motivation and Production Technology

Goerg, Sebastian J. - 2015

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/10012749898

On the Sorting of Physicians Across Medical Occupations

Courty, Pascal; Marschke, Gerald - 2021

We model the sorting of medical students across medical occupations and identify a mechanism that explains the possibility of differential productivity across occupations. The model combines moral hazard and matching of physicians and occupations with pre-matching investments. In equilibrium...

Persistent link: https://www.econbiz.de/10013324753