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Understanding severance pay
Parsons, Donald O. - 2013
Severance pay, a fixed-sum payment to workers at job separation, has been the focus of intense policy concern for the last several decades, but much of this concern is unearned. The design of the ideal separation package is outlined and severance pay emerges as a natural component of job...
Persistent link: https://www.econbiz.de/10010195446
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Wage structure and the incentive effect of promotions
Herpen, Marco van; Cools, Cornelis; Praag, Mirjam van - 2004
as a wage determinant. We furthermore show that a promotion affects both intrinsic and extrinsic motivation significantly …, though in two different ways: An expected promotion increases extrinsic motivation whereas intrinsic motivation is highest … subsequent to a realized promotion. The relationship between extrinsic motivation and expected promotions implies that promotions …
Persistent link: https://www.econbiz.de/10011337995
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Military retention incentives : evidence from the Air Force selective reenlistment bonus
Joffrion, Justin; Wozny, Nathan - 2015
The limited lateral entry and rigid pay structure for U.S. military personnel present challenges in retaining skilled individuals who have attractive options in the civilian labor market. One tool the services use to address this challenge is the Selective Reenlistment Bonus (SRB), which offers...
Persistent link: https://www.econbiz.de/10010513381
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Aggregation with a non-convex labor supply decision, unobservable effort, and reciprocity ("gift exchange") in labor relations
Vasilev, Aleksandar - 2017
Persistent link: https://www.econbiz.de/10011761125
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Aggregation with non-convex labor supply, unobservable effort, and efficiency wages of the no-shirking type
Vasilev, Aleksandar - 2017
The purpose of this note is to explore the problem of non-convex labor supply decision in an economy with imperfect observability of work e ffort, and the need to use e fficiency wages to prevent shirking as in Shapiro and Stiglitz (1984). In addition, the paper and explicitly performs the...
Persistent link: https://www.econbiz.de/10011761442
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Aggregation with non-convex labor supply, unobservable effort, and efficiency wages of the no-shirking type
Vasilev, Aleksandar - 2018
The purpose of this note is to explore the problem of non-convex labor supply decision in an economy with imperfect observability of work effort, and the need to use efficiency wages to prevent shirking as in Shapiro and Stiglitz (1984). In addition, the paper and explicitly performs the...
Persistent link: https://www.econbiz.de/10011849030
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Aggregation with a non-convex labor supply decision, unobservable effort, and incentive ("fair") wages
Vasilev, Aleksandar - 2018
The purpose of this note is to explore the problem of a non-convex labor supply decision in an economy with unobservable e ort and incentive ("fair") wages a la Danthine and Kurmann (2004), and explicitly perform the aggregation presented there without a formal proof, and thus provide - starting...
Persistent link: https://www.econbiz.de/10011953714
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Insurance-markets equilibrium with a non-convex labor supply decision, unobservable effort, and efficiency wages of the "no-shirking" type
Vasilev, Aleksandar - 2018
The purpose of this paper is to describe the lottery- and insurance-market equilibrium in an economy with non-convex labor supply decision, unobservable effort, and efficiency wages of the no-shirking type a la Shapiro and Stiglitz (1984). The presence of indivisible labor creates a market...
Persistent link: https://www.econbiz.de/10011974126
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Aggregation with non-convex labor supply decision, unobservable effort, and reciprocity ("gift exchange") in labor relations
Vasilev, Aleksandar - 2018
The purpose of this note is to explore the problem of non-convex labor supply decision in an economy with reciprocity in labor relations ("gift exchange") a la Danthine and Kurmann (2010), and explicitly perform the aggregation presented in Vasilev (2017) without a formal proof, and thus provide...
Persistent link: https://www.econbiz.de/10011789254
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The frisch elasticity in labor markets with high job turnover
Céspedes Reynaga, Nikita; Rendón, Sílvio - 2012
We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the employed labor force has formal and stable jobs, we perform a fixed effects estimation as proposed by MaCurdy (1981) with a Heckman correction for selection into unemployment. We...
Persistent link: https://www.econbiz.de/10009664848