Showing 1 - 10 of 987
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10010821716
The study examines US-European productivity and worker attitude differences, focusing on changes in incentive … structures. We analyze productivity and worker attitudes in five plants in the UK and US belonging to the same multinational … had an impact on productivity and profitability. We find that the UK plant's productivity and worker satisfaction was well …
Persistent link: https://www.econbiz.de/10005774713
The paper reviews recent developments in the literature on wage inequality, with a particular focus on why inequality growth has been particularly concentrated in the top end of the wage distribution over the last 15 years. Several possible institutional and demand-side explanations are...
Persistent link: https://www.econbiz.de/10005088911
Personnel economics drills deeply into the firm to study human resource management practices like compensation, hiring practices, training, and teamwork. Many questions are asked. Why should pay vary across workers within firms--and how "compressed" should pay be within firms? Should firms pay...
Persistent link: https://www.econbiz.de/10005085230
We study the role of firm- and manager-specific heterogeneities in executive compensation. We decompose the variation in executive compensation and find that time invariant firm and especially manager fixed effects explain a majority of the variation in executive pay. We then show that in many...
Persistent link: https://www.econbiz.de/10009277242
A key tenet of the theory of human capital is that investment in skills results in higher productivity. The previous … proxy for productivity growth. In this paper, we have both wage and personal productivity data, and thus are able to measure …-tenure profiles. The pattern of productivity rising more rapidly than pay reverses after two years of tenure. Worker selection is also …
Persistent link: https://www.econbiz.de/10005720621
unobserved by the firm and cannot be directly contracted upon. Firms differ in productivity by which they employ workers. Firms … general human capital training. It is shown that more productive firms provide more training and pay higher wages. …
Persistent link: https://www.econbiz.de/10010796538
untested implication of many theories rationalizing the growth of within-group inequality is that firm-level productivity … manufacturing and non-manufacturing sectors since the early 1980s. We find evidence that productivity inequality has increased … between firms (and within industries). Increased productivity dispersion appears to be linked with new technologies as …
Persistent link: https://www.econbiz.de/10005720844
Hierarchies allow individuals to leverage their knowledge through others' time. This mechanism increases productivity …-Hansberg (2006) to assess how much lawyers' productivity and the distribution of earnings across lawyers reflects lawyers' ability to … productivity and earnings distributions in this industry is substantial but not dramatic, reflecting the fact that the problems …
Persistent link: https://www.econbiz.de/10005777277
Many firms encourage employees to own company stock through share plans that subsidize the price at favorable rates, but even so many employees do not buy shares. Using a new survey of employees in a multinational with a share ownership plan, we find considerable variation in joining among...
Persistent link: https://www.econbiz.de/10008531876