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In Bartling, Fehr and Schmidt (2012) we show theoretically and experimentally that it is optimal to grant discretion to … workers if (i) discretion increases productivity, (ii) workers can be screened by past performance, (iii) some workers … reciprocate high wages with high effort and (iv) employers pay high wages leaving rents to their workers. In this paper we show …
Persistent link: https://www.econbiz.de/10009571576
Do reciprocal workers work more if their wage compares well to similar workers in the economy? Are they more satisfied with their job? Predictions vary from theories. With a survey dataset with a representative sample of the German population, I construct a reference wage and measures for...
Persistent link: https://www.econbiz.de/10011637959
Beyond the research literature and studies, job satisfaction is really considered a need. This issue is addressed on the basis of multifarious aspects of job satisfaction, which covers, salary, healthy growth of an organization, promotional techniques, and implementation of objectives, emotion...
Persistent link: https://www.econbiz.de/10014039112
I examine whether reference points can provide an explanation for rigid wages in recessions. Even though a recession … provides a good reason to adjust wages downward, workers' perception of a "fair wage" may depend on their previous wage, their … stipulated wages-can serve as reference points. My experimental results show that with initial contracts workers punish wage cuts …
Persistent link: https://www.econbiz.de/10012485890
It has been claimed that many workers in modern economies think that their job is socially useless, i.e. that it makes no or a negative contribution to society. However, the evidence so far is mainly anecdotal. We use a representative dataset comprising 100,000 workers from 47 countries at four...
Persistent link: https://www.econbiz.de/10011946895
It has been claimed that many workers in modern economies think that their job is socially useless, i.e. that it makes no or a negative contribution to society. However, the evidence so far is mainly anecdotal. We use a representative dataset comprising 100,000 workers from 47 countries at four...
Persistent link: https://www.econbiz.de/10011818258
In Bartling, Fehr and Schmidt (2012) we show theoretically and experimentally that it is optimal to grant discretion to … workers if (i) discretion increases productivity, (ii) workers can be screened by past performance, (iii) some workers … reciprocate high wages with high effort and (iv) employers pay high wages leaving rents to their workers. In this paper we show …
Persistent link: https://www.econbiz.de/10014040574
In this study, we explore the relation between job characteristics and employees' self-evaluations of performance in comparison to their colleagues' performance. Making use of unique individual panel data of ten large firms in Germany's chemical industry, we focus on monetary rewards (bonus...
Persistent link: https://www.econbiz.de/10014345292
In Bartling, Fehr and Schmidt (2012) we show theoretically and experimentally that it is optimal to grant discretion to … workers if (i) discretion increases productivity, (ii) workers can be screened by past performance, (iii) some workers … reciprocate high wages with high effort and (iv) employers pay high wages leaving rents to their workers. In this paper we show …
Persistent link: https://www.econbiz.de/10009656175
characteristics but at different firms to earn different wages, may alleviate the hold-up problem in firm-specific investment, can …
Persistent link: https://www.econbiz.de/10011337969