Showing 1 - 10 of 121
the agent's motivation to perform well. Before the agent chooses his performance, the principal in our experiment decides … incentives as well as the puzzling incompleteness of many economic contracts. …
Persistent link: https://www.econbiz.de/10005124063
, people who derive benefits from his performance (parent, spouse, friend, teacher, manager, etc.) have incentives to … - as stressed by psychologists - in that they undermine intrinsic motivation. As a result, they may be only weak … motivation, while offers of help may create a dependence. More generally, we identify when the hidden costs of rewards are a myth …
Persistent link: https://www.econbiz.de/10005656299
), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and … social norms arise from individuals’ behaviors and inferences, and how they interact with material incentives. It then … also what shapes social judgements and moral sentiments. Setting law thus means both imposing material incentives and …
Persistent link: https://www.econbiz.de/10009371470
This paper discusses the specificities of the labor market for older workers. It discusses the implications of those specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment benefits indexed backwards and hiring costs are...
Persistent link: https://www.econbiz.de/10008506842
The retirement decisions of spouses may be interdependent for various reasons: similarity of tastes, joint assets … studies exist on this topic. From a policy point of view interdependent retirement could become important if legislators in … different EC countries are forced to synchronize minimum retirement ages, which are lower now for females than males in a number …
Persistent link: https://www.econbiz.de/10005123559
This paper studies the design of retirement and disability policies. It illustrates the often observed exit from the … social welfare. Benefits depend on retirement age and on the (reported) health status. We determine first- and second …-best optimal benefit levels and retirement ages and focus on the distortions which may be induced in the individuals’ retirement …
Persistent link: https://www.econbiz.de/10005123923
on the key distinction between those in forced early retirement and those who retire early by individual choice. We start … by estimating a retirement probit model for older workers in Belgium. Based on these estimates, we then perform micro … respect to the time of retirement. We explore two scenarios, one where the entire population is subjected to the actuarial …
Persistent link: https://www.econbiz.de/10005123962
This paper studies the role of wage and pension pressures in explaining the budget deficit crisis of 1991–2 after the remarkable 1990 Polish economic stabilization and liberalization. It also explains the persistence of the high tax wedge that later helped overcome the budget crisis. The...
Persistent link: https://www.econbiz.de/10005136543
The substantial rise in the proportion of elderly (65+) people in the British population over the last hundred years has been matched by a dramatic fall in labour-force participation rates among the elderly. Some commentators see the reduction in work opportunities for the eldery and their...
Persistent link: https://www.econbiz.de/10005498115
of workforce in 34 industrial sectors drawn from the decennial censuses from 1951 to 1981. It finds that early retirement … is influenced primarily by economic factors, although health becomes important in 1981. By showing that retirement and … early retirement behavior are influenced by different factors, and that the importance of these factors has changed over …
Persistent link: https://www.econbiz.de/10005281294