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The Lemons Problem in a labor market with intrinsic motivation : when higher salaries pay worse workers

Barigozzi, Francesca; Burani, Nadia; Raggi, Davide - 2013

We study the Lemons Problem when workers have private information on both their skills and their intrinsic motivation for the job offered by firms in the labor market. We first show that, when workers are motivated, inefficiencies due to adverse selection are mitigated. More interestingly,...

Persistent link: https://www.econbiz.de/10011730993

Product market competition, incentives and fraudulent behavior

Andergassen, Rainer - 2008

Persistent link: https://www.econbiz.de/10003911539

Moneycracy

Fedele, Alessandro; Giannoccolo, Pierpaolo - 2013

How do wage and other financial benefits affect the set of candidates for political office? In this theoretical paper, we answer the question by studying self-selection into politics of individuals with heterogeneous skills and heterogeneous motivations. Our predictions are in line with the...

Persistent link: https://www.econbiz.de/10011730987

Setting Adequate Wages for Workers : Managers' Work Experience, Incentive Scheme and Gender Matter

Huber, David; Kühl, Leonie; Szech, Nora - 2022

Many societies report an increasingly divergent development of managers’ salaries compared to that of their workforce …. Moreover, there is often a lack in diversity amongst managerial boards. We investigate the role of managers’ gender and … incentive scheme on wages chosen for workers by conducting two experimental studies. The data reveal male managers respond in …

Persistent link: https://www.econbiz.de/10013291321

Uniform and nonuniform staggering of wage contracts

Danziger, Leif - 2010

This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...

Persistent link: https://www.econbiz.de/10010270522

Managerial payoff and gift exchange in the field

Englmaier, Florian; Leider, Stephen G. - 2012

We conduct a field experiment where we vary both the presence of a gift exchange wage and the effect of the worker's effort on the manager's payoff. The results indicate a strong complementarity between the initial wage gift and the agent's ability to repay the gift. We collect information on...

Persistent link: https://www.econbiz.de/10010280811

Which Ladder to Climb? Decomposing Life Cycle Wage Dynamics

Bayer, Christian - 2019

Wages grow and become more unequal as workers age. Economic theory focuses on worker investment in human capital …

Persistent link: https://www.econbiz.de/10012897647

The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation

Adda, Jérôme; Dustmann, Christian; Görlach, Joseph-Simon - 2021

This paper develops and estimates a dynamic model where individuals differ in ability and location preference to evaluate the mechanisms that affect the evolution of immigrants’ careers in conjunction with their re-migration plans. Our analysis highlights a novel form of selective return...

Persistent link: https://www.econbiz.de/10013229696

Revisiting wage, earnings, and hours profiles

Rupert, Peter; Zanella, Giulio - 2014

We document empirical life cycle profiles of wages, earnings, and hours of work for pay from the Panel Study of Income Dynamics, following the same workers for up to four decades. For six of the eight cohorts we analyze the wage profile does not decline with age (not before 65, at least), while...

Persistent link: https://www.econbiz.de/10011730125

Dynamics of productivity and cost of labor in Italian Manufacturing firms

Bottazzi, Giulio; Grazzi, Marco - 2013

This paper studies the impact of size on labor cost and productivity for Italian manufacturing firms. The distributions of both labor cost and productivity display a wide support, even when disaggregated by sector of industrial activity. Further, both labor cost and productivity, when considered...

Persistent link: https://www.econbiz.de/10011730395