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with managers from companies with different incentives, work habits and recruiting methods. In this paper, we investigate …, which occur in both compensation incentives and team composition. The results of a real effort experiment conducted with … managers within a large pharmaceutical company not only show that changes in compensation incentives affect performance but …
Persistent link: https://www.econbiz.de/10005100880
The ratchet effect undermines firms' ability to pay workers a steady piece rate. Using examples from the nineteenth-century British textile industry, this paper studies the different strategies firms and workers used to enforce piece rates. The strategies depended upon the emotional responses of...
Persistent link: https://www.econbiz.de/10005100574
We formulate an empirical model of promotion with dynamic selfselection where the current promotion probability depends on the hierarchical level in the firm, individual human capital, unobserved (to the econometrician) individual specific attributes, time varying firm specific variables (firm...
Persistent link: https://www.econbiz.de/10005100931
the most to monetary incentives under the strict liability rule, and the strict liability rule to everybody else. Je …
Persistent link: https://www.econbiz.de/10005273013
We develop and estimate a generalized labour supply model that incorporates work effort into the standard consumption-leisure trade-off. We allow workers a choice between two contracts: a piece rate contract, wherein he is paid per unit of service provided, and a mixed contract, wherein he...
Persistent link: https://www.econbiz.de/10008646904
In this paper, I investigate the relationship between methods of pay, including piece rates and bonuses, and the level and variance of wages using longitudinal data from the NLSY (1988-1990). Results using OLS and fixed-effects show that piece rate workers earn a premium compared to other...
Persistent link: https://www.econbiz.de/10005100655
effective compromise between incentives and activation programs that would allow a balance between economic imperatives …
Persistent link: https://www.econbiz.de/10005100857
parties had incentives to keep at bay the forces of competition. The lists gave workers a share in the gains of technical …
Persistent link: https://www.econbiz.de/10005101011
with managers originating from companies with different incentives and working habits. In this paper, we offer a new way to … influence of shifts occurring both in compensation incentives and in team composition. The results of a real effort experiment … conducted with managers within a large pharmaceutical company show that not only changes in compensation incentives affect …
Persistent link: https://www.econbiz.de/10005101013
payoff for cooperation to each player, but at the same time provides individual incentives to take a free ride on the other …
Persistent link: https://www.econbiz.de/10005101072