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productivity and composition of teams. Strengthening incentives, either throughrankings or tournaments, makes workers more likely … reduce the productivity of teams at the bottom of theproductivity distribution, and monetary prize tournaments only increase … the productivity ofteams at the top. We interpret these results through a theoretical framework that makesprecise when the …
Persistent link: https://www.econbiz.de/10009486877
The Peter Principle states that, after a promotion, the observed output of promotedemployees tends to fall. Lazear (2004) models this principle as resulting from a regression tothe mean of the transitory component of ability...
Persistent link: https://www.econbiz.de/10008939753
A large, mature and robust economic literature on pay for performance now exists, whichprovides a useful framework for thinking about pay for performance systems. I use thelessons of the literature to discuss how to design and implement pay for performance inpractice....
Persistent link: https://www.econbiz.de/10009486962
This paper experimentally investigates the impact of different pay and relative performance information policies on employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through the production period, and continuously updated...
Persistent link: https://www.econbiz.de/10005860221
Using unique personnel data from one Russian firm for the years 1997 to 2002 we study the size, development and determinants of the gender earnings gap in an internal labor market during late transition. The gap is sizable but declines strongly over the entire period. Gender earnings...
Persistent link: https://www.econbiz.de/10005860252
This paper develops a framework for studying individuals ideas about what constitutes justcompensation for chief executive officers (CEOs) and reports estimates of just CEO pay andthe principles guiding ideas of justice. The sample consists of students pursuing a Master ofBusiness Administration...
Persistent link: https://www.econbiz.de/10005861085
We explore the impact of mentoring of females and gender segregation on wages using alarge longitudinal data set for Portugal. Female managers can protect and mentor femaleemployees by paying them higher wages than male-led firms would do...
Persistent link: https://www.econbiz.de/10005861177
In this paper, we analyze a principal's optimal feedback policy in tournaments. We close agap in the literature by assuming the principal to be unable to commit to a certain policy atthe beginning of the tournament...
Persistent link: https://www.econbiz.de/10005861537
We investigate the use of performance appraisal (PA) in German Firms. First, we derivehypotheses on individual and job based determinants of PA usage. Based on arepresentative German data set on individual employees, we test these hypotheses and alsoexplore the impact of PA on performance pay...
Persistent link: https://www.econbiz.de/10005862078
Market imperfections may cause firms and workers to under-invest in specific training. Thispaper shows that profit sharing may be a suitable instrument to enhance specific traininginvestments, either by enhancing wage flexibility or by increasing the returns to training...
Persistent link: https://www.econbiz.de/10005862579