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Individuals faced by a tournament can oftentimes not only choose their effort level, but also the risk level of their strategy. There are some theoretical contributions on risk taking in tournaments, which mainly point out disadvantages with respect to exerted effort. Empirical evidence is rare....
Persistent link: https://www.econbiz.de/10005032217
The impact of wage increases on job satisfaction is explored. First, it is empirically confirmed that current job satisfaction rises with the absolute wage level as well as with wage increases. Second, a basic job satisfaction function is constructed based on the empirical results, and...
Persistent link: https://www.econbiz.de/10004968328
The internet virtually revolutionized the possibilities of employee recruiting. First of all, this contribution undertakes a description of the market. Then, advantages and possible problems of the recruitment via internet are discussed. The empirical study analyses the issues, which persons...
Persistent link: https://www.econbiz.de/10004968340
The wage policy of a German and a U.S. firm is comparatively analysed with a focus on the relation between wages and hierarchies. While prior studies examine only one particular firm, in this paper two plants of the same owners with similar production processes in different institutional...
Persistent link: https://www.econbiz.de/10004968382
In this contribution we examine the interrelation between intra-firm wage increases and firm performance. Previous studies have focused on the dispersion of wages in order to examine for the empirical dominance of positive monetary incentive effects compared to adverse effects due to fairness...
Persistent link: https://www.econbiz.de/10004968421
Many experiments indicate that most individuals are not purely motivated by material self interest, but also care about the well being of others. In this paper we examine tournaments among inequity averse agents, who dislike disadvantageous inequity (envy) and advantageous inequity (compassion)....
Persistent link: https://www.econbiz.de/10004968464
Based on two representative samples of employees, the German Socio Economic Panel and the European Social Survey, we explore the relation between certain measures of control in employment relationships (i. e. working time regulations, use of performance appraisal systems, monitoring by...
Persistent link: https://www.econbiz.de/10010907925
We analyze mechanism choices of competing sellers with private valuations and show the existence of monotone pure strategy equilibria where sellers with higher reservation value choose mechanisms with a lower selling probability and a larger revenue in case of trade. As an application we...
Persistent link: https://www.econbiz.de/10010943338
Many experiments and field studies indicate that most individuals are not purely motivated by material self-interest but also care about the well being of others. In this paper, we examine tournaments among inequity averse agents, who dislike disadvantageous inequity (envy) and advantageous...
Persistent link: https://www.econbiz.de/10005261468
We investigate two theoretical approaches that focus on bonuses as part of a firm’s long-term wage policy. The first approach argues that explicit bonuses serve as substitutes for implicit career concerns. The second claims that bonuses act as complements to an executive’s internal career....
Persistent link: https://www.econbiz.de/10010548171