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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/10010675505
selection into HIM. Results do not differ significantly when using propensity score matching as opposed to standard regression …
Persistent link: https://www.econbiz.de/10011071162
selection into HIM. Results do not differ significantly when using propensity score matching as opposed to standard regression …
Persistent link: https://www.econbiz.de/10008835360
selection into HIM. Results do not differ significantly when using propensity score matching as opposed to standard regression …
Persistent link: https://www.econbiz.de/10008854565
Hutchens (1986, Journal of Labor Economics 4(4), pp. 439-457) argues that deferred compensation schemes impose fixed-costs to firms and, therefore, they employ older workers but prefer to hire younger workers. This paper shows that deferred compensation can be a recruitment barrier even without...
Persistent link: https://www.econbiz.de/10008514739
Human capital and deferred compensation might explain why firms employ but do not hire older workers. Adjustments of wage-tenure profiles for older new entrants are explored in the context of deferred compensation. From an equity theory perspective, such adjustments might lead to adverse...
Persistent link: https://www.econbiz.de/10005405309
Using data from the British Household Panel Survey (BHPS) we show performance pay (PP) increased earnings dispersion among men and women, and to a lesser extent among full-time working women, in the decade of economic growth which ended with the recession of 2008. PP was also associated with...
Persistent link: https://www.econbiz.de/10011265657
fairness and reciprocity are important in individual decision-making, there is little explicit empirical evidence of reciprocal … on subsequent costly effort provision. An experiment was conducted in which subjects are first randomly divided into … wages are chosen by the employer, offering support for the hypothesis of reciprocity. There are implications for models of …
Persistent link: https://www.econbiz.de/10005707994
A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of …
Persistent link: https://www.econbiz.de/10008530342
We show that worker wellbeing is not only related to the amount of compensation workers receive but also how they receive it. While previous theoretical and empirical work has often been pre-occupied with individual performance-related pay, we here demonstrate a robust positive link between the...
Persistent link: https://www.econbiz.de/10011166118