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Investment fund managers make asset allocation decisions on behalf of a significant segment of US households. To elucidate the incentives they operate under, as well as the income and career risks they face, we construct a unique and novel dataset, which encompasses detailed information on the...
Persistent link: https://www.econbiz.de/10014447307
Eigenschaften des Arbeitnehmers, des Arbeitgebers und des Arbeitsplatzes. Insgesamt verdienen deutsche Fondsmanager weniger als ihre … resultierenden Anreiz zu hohen Anlagerisiken wirken Fondsgesellschaften durch Einschränkung der Handlungsspielräume der Manager …
Persistent link: https://www.econbiz.de/10008683757
Many firms offer employees a remuneration package that links pay to performance as a means of motivation. It also improves efficiency and reduces turnover and absenteeism. The effects on productivity depend on the type of scheme employed (individual or group performance) and its design...
Persistent link: https://www.econbiz.de/10011431686
Concerns about poor student performance have led schools to diverge from traditional teacher compensation and base a portion of pay on student outcomes. In the US, the number of school districts adopting such performancebased financial incentives has increased by more than 40% since 2004....
Persistent link: https://www.econbiz.de/10011431719
Using a pooled data set consisting of 20 annual observations on each of eleven major industry groups, I estimate the effects of overtime pay regulation on weekly work schedules. After controlling for workweek trends within industries, the sharp expansions in overtime pay coverage resulting from...
Persistent link: https://www.econbiz.de/10011403901
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
Performance-based pay is a common tool to improve workers' motivation and performance outcomes. It is frequently used in dairy farms with hired labor. This study investigates the effects of performance-based pay and other incentives for dairy farm workers on milk performance characteristics. In...
Persistent link: https://www.econbiz.de/10012981399
establishes the optimal wage rate and incentive level that maximizes labour productivity for the firm. Overtime, the household … accepts these wage rates and incentives from the firm and maximizes her utility, as such equilibrium in maintained in the … and labour hour distorts the equilibrium price level. Restoring equilibrium entails adjusting the wage rate level in our …
Persistent link: https://www.econbiz.de/10012866081
Using a pooled data set consisting of 20 annual observations on each of 11 major industry groups, the author estimates the effects of overtime pay regulation on weekly work schedules. In an analysis that controls for workweek trends within industries, the sharp expansions in overtime pay...
Persistent link: https://www.econbiz.de/10014086896
This study investigates whether information about Chief Executive Officer (CEO) incentives is useful for predicting future earnings. We find that in companies with higher CEO equity incentives, current year earnings are more informative of future earnings than in other companies. Additionally,...
Persistent link: https://www.econbiz.de/10013107405