Similar Search Results

Optimal Incentive Contracts For a Worker Who Envies His Boss

Dur, Robert; Glazer, Amihai - CESifo - 2004

A worker’s utility may increase in his own income, but envy can make his utility decline with his employer’s income … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …, increases optimal incentive pay. Moreover, envy can make profitsharing optimal, even when the worker’s effort is fully …

Persistent link: https://www.econbiz.de/10005765867

CEO Compensation

Frydman, Carola; Jenter, Dirk - CESifo - 2010

This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...

Persistent link: https://www.econbiz.de/10008799732

Job Search, Human Capital and Wage Inequality

Carrillo-Tudela, Carlos - CESifo - 2012

The objective of this paper is to construct and quantitatively assess an equilibrium search model with on-the-job search and general human capital accumulation. In the model workers enter the labour market with different abilities and firms differ in their productivities. Wages are dispersed...

Persistent link: https://www.econbiz.de/10010586074

Flexicurity, Wage Dynamics and Inequality over the Life-Cycle

Bingley, Paul; Cappellari, Lorenzo; … - CESifo - 2011

We investigate the relationship between life-cycle wages and flexicurity in Denmark. We separate permanent from transitory wages and characterise flexicurity using membership of unemployment insurance funds. We find that flexicurity is associated with lower wage growth heterogeneity over the...

Persistent link: https://www.econbiz.de/10009293487

Sorting and the Output Loss due to Search Frictions

Gautier, Pieter A.; Teulings, Coen N. - CESifo - 2011

We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the max-mean wage differential. The latter measure of...

Persistent link: https://www.econbiz.de/10008853848

Incentive Contracts and Efficient Unemployment Benefits

Demougin, Dominique; Helm, Carsten - CESifo - 2009

Several European countries have reformed their labor market institutions. Incentive effects of unemployment benefits have been an important aspect of these reforms. We analyze this issue in a principal-agent model, focusing on unemployment levels and labor productivity. In our model, a higher...

Persistent link: https://www.econbiz.de/10004979416

Workfare in an Efficiency Wage Model

Meier, Volker - CESifo - 2002

The impacts of introducing work requirements for welfare recipients are studied in an efficiency wage model. If the workfare package is not mandatory, it will reduce employment, profits, and utility levels of employed and unemployed workers. In contrast, mandatory effort requirements will...

Persistent link: https://www.econbiz.de/10005406407

Noblesse Oblige? Determinants of Survival in a Life and Death Situation

Frey, Bruno S.; Savage, David A.; Torgler, Benno - CESifo - 2008

This paper explored the determinants of survival in a life and death situation created by an external and unpredictable shock. We are interested to see whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...

Persistent link: https://www.econbiz.de/10005406217

Awards as Signals

Frey, Bruno S.; Neckermann, Susanne - CESifo - 2010

Awards are widespread in all countries and are prevalent both in the public sphere and in the private sector. This paper argues, and empirically supports, that awards serve public functions and economists should take them seriously. Using a unique cross-country data set, we suggest that awards...

Persistent link: https://www.econbiz.de/10008727309

Team or Individual: What Determines Workers' Preferred Bonus Schemes?

Torsvik, Gaute - CESifo - 2011

This paper uses data from a firm with team production to investigate the association between workers’ productivity, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case. Workers persistently producing above the team average...

Persistent link: https://www.econbiz.de/10009371336

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