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Kräkel, Matthias; Schöttner, Anja - In: Journal of Economic Behavior & Organization 84 (2012) 2, pp. 491-509

We show that establishing an internal labor market by offering combined contracts across hierarchy levels strictly dominates external recruitment when workers are homogeneous. The reason is that only an internal labor market can exploit higher tier rents for incentive provision on lower tiers....

Persistent link: https://www.econbiz.de/10011048204

On the Benefits of Withholding Knowledge in Organizations

Krakel, Matthias - In: International Journal of the Economics of Business 12 (2005) 2, pp. 193-209

Transferring knowledge to an agent makes him more successful or productive, which is beneficial for the principal. However, knowledge transfer also increases the agent's outside option. I identify two reasons for withholding knowledge — to reduce labor costs within a principal-agent...

Persistent link: https://www.econbiz.de/10005268627

Social norms and firms’ discriminatory pay-setting

Janssen, Simon; Tuor Sartore, Simone N.; … - 2012

This study analyzes the relationship between discriminatory social attitudes and the variation of within-firm pay gaps by combining data on regional votes on gender equality laws with a data set of multi-establishments firms and their workers. The data set allows us for the first time to study...

Persistent link: https://www.econbiz.de/10009751933

HELPING AND SABOTAGING IN TOURNAMENTS

KRÄKEL, MATTHIAS - In: International Game Theory Review (IGTR) 07 (2005) 02, pp. 211-228

A two-stage, two-person tournament is discussed, in which each player can influence the other one at the first stage by choosing help, sabotage or no action. At the second stage, the players choose effort to win the tournament. Helping and sabotaging have two effects — they influence the...

Persistent link: https://www.econbiz.de/10005081039

Lucifora, Claudio - 2015

(individual or group performance) and its design (commissions, piece-rate or sharing schemes). Individual incentives demonstrate … the largest effect, while group or team incentives are smaller in magnitude. The case for government intervention through … tax breaks and other financial incentives is highly debated due to differences across firms and the potential for economic …

Persistent link: https://www.econbiz.de/10011431686

Can higher rewards lead to less effort? Incentive reversal in teams

Klor, Esteban F.; Kube, Sebastian; Winter, Eyal; … - In: Journal of Economic Behavior & Organization 97 (2014) C, pp. 72-83

alters her best-response function and, as a result, removes other agents’ incentives to exert effort as their contributions …

Persistent link: https://www.econbiz.de/10010737918

Bonus Culture: Competitive Pay, Screening, and Multitasking

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2013

talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete more …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …

Persistent link: https://www.econbiz.de/10011083769

Home Production, Market Production and the Gender Wage Gap: Incentives and Expectations

Albanesi, Stefania; Olivetti, Claudia - C.E.P.R. Discussion Papers - 2005

This paper explores the hypothesis that gender wage differentials arise from the interaction between the intra-household allocation of labour and the contractual relation between firms and workers in the presence of private information on workers’ labour market attachment. In our model, if...

Persistent link: https://www.econbiz.de/10005661843

Union Coverage, Membership and Performance-Related Pay: Are Piece Rates Different?

O'Halloran, Patrick - In: National Institute Economic Review 226 (2013) 1, pp. 30-30

This paper revisits a literature on the links between unionisation and performance-related pay (PRP), which offers a disparate set of results. Part of the reason for this is the usual inability to distinguish between different types of PRP and the lack of rich panel data containing such...

Persistent link: https://www.econbiz.de/10010785964

Ethnic Diversity, Market Structure and Risk Sharing in Developing Countries

Jellal, Mohamed; Zenou, Yves - C.E.P.R. Discussion Papers - 2005

The paper mainly addresses three questions: 1) do workers tend to be employed by employers of the same ethnic group; 2) what is the structure of the equilibrium wage contract; and 3) do more ethnically homogeneous labour markets tend to have different labour contracts than more ethnically...

Persistent link: https://www.econbiz.de/10005504419

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