Showing 1 - 10 of 13,022
This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...
Persistent link: https://www.econbiz.de/10011337995
In management, incentives are a reward to motivate people and create favorable conditions directed to achieve specific … incentives to suggest management implications directed to support motivation and performance of employees in public organizations …
Persistent link: https://www.econbiz.de/10012889086
risk and incentives. Using data from the 1998 Workplace Employment Relations Survey (WERS) representing a cross-section of …
Persistent link: https://www.econbiz.de/10013137206
Persistent link: https://www.econbiz.de/10009722629
multiple tasks. We first analyze a formal model showing that incentives are lower powered when supervisors have no access to … span of control is larger and incentives are distorted towards more profitable tasks. We then investigate a field …
Persistent link: https://www.econbiz.de/10011871952
The standard principal agent model considers monetary incentives only. It is assumed that money is more efficient than …) - though almost omnipresent - have so far escaped the attention of economists. They present extrinsic, non-monetary incentives … differences between monetary incentives and awards: in general, awards are cheap, lead to interpersonal relationships, are not …
Persistent link: https://www.econbiz.de/10012734634
Compensation schemes have been blamed for encouraging excess risk-taking on the part of managers within the financial system and real economy. In general, compensation cannot decrease below the base salary, while gains from bonuses can be limitless. The potential link between compensation and...
Persistent link: https://www.econbiz.de/10014348916
Empirical studies of the principal-agent relationship find that extrinsic incentives work in many instances, linking … drive to work to master a skill or to improve one's self image, is thought to be the key to whether incentives work or not …. If the incentives crowd-out intrinsic motivation, and the effect is large enough, the net motivational effect on effort …
Persistent link: https://www.econbiz.de/10009771729
each other. The contract may contain two types of incentives for the agent to work hard: a bonus and a threat of dismissal … relations ; incentives ; relational contracts ; efficiency wages ; subjective performance evaluation ; Nash bargaining …
Persistent link: https://www.econbiz.de/10009540101
A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the worker's participation constraint and so calls...
Persistent link: https://www.econbiz.de/10011335185