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Promotions and Incentives: The Case of Multi-Stage Elimination Tournaments

Altmann, Steffen; Falk, Armin; Wibral, Matthias - Institute for the Study of Labor (IZA) - 2008

research on single-stage rank-order tournaments and analyze behavior in multi-stage elimination tournaments. The main treatment …

Persistent link: https://www.econbiz.de/10005703555

The Peter Principle: An Experiment

Dickinson, David L; Villeval, Marie Claire - Institute for the Study of Labor (IZA) - 2007

The Peter Principle states that, after a promotion, the observed output of promoted employees tends to fall. Lazear (2004) models this principle as resulting from a regression to the mean of the transitory component of ability. Our experiment reproduces this model in the laboratory by means of...

Persistent link: https://www.econbiz.de/10005822026

The Value Relevance of Top Executive Departures: Evidence from the Netherlands

Praag, Mirjam van; Cools, Kees - Institute for the Study of Labor (IZA) - 2007

On theoretical grounds, monitoring of top executives by the (supervisory) board is expected to be value relevant. The empirical evidence is ambiguous and we analyze three noncompeting explanations for this ambiguity: (i) The positive effect on firm value of board monitoring is hidden in stock...

Persistent link: https://www.econbiz.de/10005762239

Managerial Incentives and Favoritism in Promotion Decisions: Theory and Field Evidence

Berger, Johannes; Herbertz, Claus; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2011

This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we theoretically show that favoritism leads to a lower quality of promotion decisions and in turn lower efforts. But the effect can be mitigated by pay-for-performance incentives for...

Persistent link: https://www.econbiz.de/10008854767

Economic Satisfaction and Income Rank in Small Neighbourhoods

Clark, Andrew E.; Kristensen, Nicolai; … - Institute for the Study of Labor (IZA) - 2008

We contribute to the literature on well-being and comparisons by appealing to new Danish data dividing the country up into around 9,000 small neighbourhoods. Administrative data provides us with the income of every person in each of these neighbourhoods. This income information is matched to...

Persistent link: https://www.econbiz.de/10005703535

Job Satisfaction and Co-worker Wages: Status or Signal?

Clark, Andrew; Kristensen, Nicolai; … - Institute for the Study of Labor (IZA) - 2007

This paper uses matched employer-employee panel data to show that individual job satisfaction is higher when other workers in the same establishment are better-paid. This runs contrary to a large literature which has found evidence of income comparisons in subjective well-being. We argue that...

Persistent link: https://www.econbiz.de/10005762040

Discretionary Latitude and Relational Contracting

Wu, Steven Y.; Roe, Brian E. - Institute for the Study of Labor (IZA) - 2007

We use economic experiments to examine the nature of relational trading under a menu of incomplete contracts ranging from the repeat purchase mechanism of Klein and Leffler (1981) to highly incomplete contracts that are completely unenforceable by third-parties. Our results suggest that, with...

Persistent link: https://www.econbiz.de/10005762063

Separating Uncertainty from Heterogeneity in Life Cycle Earnings

Cunha, Flavio; Heckman, James; Navarro, Salvador - Institute for the Study of Labor (IZA) - 2004

forecastable at the time students decide to go to college (heterogeneity) and components that are unforecastable. About 60% of …

Persistent link: https://www.econbiz.de/10005822068

Dynamic Incentive Effects of Heterogeneity in Multi-Stage Promotion Contests

Stracke, Rudi; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2014

This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests … with multiple stages. In particular, the well-studied adverse effects of heterogeneity in static interactions are … compensated by positive continuation-value and selection effects. Due to these positive dynamic incentive effects of heterogeneity …

Persistent link: https://www.econbiz.de/10010886143

Wages or Fringes? Some Evidence on Trade-offs and Sorting

Eriksson, Tor; Kristensen, Nicolai - Institute for the Study of Labor (IZA) - 2010

-fringe trade-offs, considerable heterogeneity in willingness to pay for fringe benefits, and signs of sorting. The findings imply …

Persistent link: https://www.econbiz.de/10008693836

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