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Bonus Culture: Competitive Pay, Screening, and Multitasking

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

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/10011083769

Performance Pay and the Gender Wage Gap: Evidence from Spain

de la Rica, Sara; Dolado, Juan J.; Vegas, Raquel - C.E.P.R. Discussion Papers - 2010

This paper uses detailed information from a large wage survey in 2006 to analyze the gender wage gap in the performance-pay (PP) component of total hourly wages and its contribution to the overall gender gap in Spain. Under the assumption that PP is determined in a more competitive fashion than...

Persistent link: https://www.econbiz.de/10008554226

Returns to Inventors

Toivanen, Otto; Väänänen, Lotta - C.E.P.R. Discussion Papers - 2010

A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of inventors. We estimate the effect of patented inventions on individual earnings by linking data on U.S. patents and their inventors to Finnish employer-employee data. Returns are...

Persistent link: https://www.econbiz.de/10008530342

Performance Pay and Adverse Selection

Moen, Espen R; Rosén, Åsa - C.E.P.R. Discussion Papers - 2004

It is well known in personnel economics that firms may improve the quality of their workforce by offering performance pay. We analyse an equilibrium model where worker productivity is private information and show that the gains to the firms from worker self-selection may not be matched by a...

Persistent link: https://www.econbiz.de/10005123693

Harnessing Success: Determinants of University Technology Licensing Performance

Belenzon, Sharon; Schankerman, Mark - C.E.P.R. Discussion Papers - 2007

We study the impact of incentive pay, local development objectives and government constraints on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together with panel data on U.S. universities for...

Persistent link: https://www.econbiz.de/10005667018

Democracy and Development: The Devil in the Details

Persson, Torsten; Tabellini, Guido - C.E.P.R. Discussion Papers - 2006

Does democracy promote economic development? We review recent attempts to addresses this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends - in a subtle way - on the details of democratic...

Persistent link: https://www.econbiz.de/10005789020

Democracy and Reforms

Amin, Mohammad; Djankov, Simeon - C.E.P.R. Discussion Papers - 2009

reform, because politicians have the incentive to embrace growth-enhancing reforms to win elections. On the other hand …

Persistent link: https://www.econbiz.de/10005124381

How Reform Worked in China

Qian, Yingyi - C.E.P.R. Discussion Papers - 2002

China’s reform worked and produced some of the most impressive growth in the largest developing and transition economy … conventional institutions such as rule of law and secure private property rights is puzzling. To understand how reform works in a … initial conditions and to function as stepping stones in the transition toward the goal. Underlying China’s reform is a serial …

Persistent link: https://www.econbiz.de/10005136741

Mind the Break! Accounting for Changing Patterns of Growth during Transition

Fidrmuc, Jan; Tichit, Ariane - C.E.P.R. Discussion Papers - 2007

different models of growth associated with different stages of reform. The speed with which individual countries progress …

Persistent link: https://www.econbiz.de/10005136785

Monetary Policy and the Rule of Law

Eijffinger, Sylvester C W; Stadhouders, Patrick - C.E.P.R. Discussion Papers - 2003

The translation of legal independence into actual independence is primarily determined by the rule of law. Inspired by the economic growth literature, where the role of institutions already is incorporated, we introduce Institutional Quality Indicators that can be used as reasonable proxies for...

Persistent link: https://www.econbiz.de/10005497964