Showing 1 - 10 of 11,068
compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most …This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … perfect competition, the resulting efficiency loss can be larger than that imposed by a single firm or principal, who distorts …
Persistent link: https://www.econbiz.de/10011083769
pay and performance. To the extent that product-market competition can affect the incentive schemes offered by firms to … their executives, the analysis of the effects of competition on the structure of compensation may be informative for policy …
Persistent link: https://www.econbiz.de/10011427661
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
This paper studies the effect of competition on executive compensation. We estimate the effect of increased product … market competition on the performance-pay sensitivity of CEOs, and contrast it with the effect for department managers and … employer-employee data for the universe of workers and firms, we show that increased product market competition, following the …
Persistent link: https://www.econbiz.de/10011084265
-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …
Persistent link: https://www.econbiz.de/10008468606
This paper studies optimal contracting under synergies. We define influence as the extent to which effort by one agent reduces a colleague's marginal cost of effort, and synergy to be the sum of the (unidimensional) influence parameters across a pair of agents. In a two-agent model, effort...
Persistent link: https://www.econbiz.de/10009368129
compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most …This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … perfect competition, the resulting efficiency loss can be larger than that imposed by a single firm or principal, who distorts …
Persistent link: https://www.econbiz.de/10010821716
This paper studies multi-agent optimal contracting with cost synergies. We model synergies as the extent to which effort by one agent reduces his colleague's marginal cost of effort. An agent's pay and effort depend on the synergies he exerts, the synergies his colleagues exert on him and,...
Persistent link: https://www.econbiz.de/10011083428
This paper studies multi-agent optimal contracting with cost synergies. We model synergies as the extent to which effort by one agent reduces his colleague's marginal cost of effort. An agent's pay and effort depend on the synergies he exerts, the synergies his colleagues exert on him and,...
Persistent link: https://www.econbiz.de/10011083625
We address basic questions about performance-related pay in the US. How widespread is it? What characteristics of employers and jobs are associated with it? What are recent trends in its incidence? What factors are responsible for these trends? Nearly two-fifths of hours worked in the US economy...
Persistent link: https://www.econbiz.de/10010786139