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Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...
Persistent link: https://www.econbiz.de/10008727777
the performance measure and its similarity (congruity, congruence) to the benefit of the manager’s employer. A necessary …
Persistent link: https://www.econbiz.de/10005566602
We study the effect of recognition on performance with a field experiment involving first-year undergraduate students … that conformance to performance norm is the most likely behavioral mechanism behind our findings. …
Persistent link: https://www.econbiz.de/10010884116
This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot … targets, measured with varying degrees of precision. We use data from the agency's performance management system and personnel … records plus matched labour market data. We focus on three main issues: whether performance pay matters for public service …
Persistent link: https://www.econbiz.de/10010559801
games and underdogs to be less performing. They also show that the performance differential between players increases with …
Persistent link: https://www.econbiz.de/10005566466
The Peter Principle states that, after a promotion, the observed output of promoted employees tends to fall. Lazear (2004) models this principle as resulting from a regression to the mean of the transitory component of ability. Our experiment reproduces this model in the laboratory by means of...
Persistent link: https://www.econbiz.de/10005822026
from fixed wages to performance pay based on the average productivity of lower-tier workers. Theory suggests that …. In our field experiment we find that the introduction of managerial performance pay raises both the mean and dispersion …
Persistent link: https://www.econbiz.de/10005822207
substantial negative impact on the probability that an employee’s pay is performance contingent. …
Persistent link: https://www.econbiz.de/10005822413
We present results from a field experiment testing the gift-exchange hypothesis inside a treeplanting firm paying its workforce incentive contracts. Firm managers told a crew of tree planters they would receive a pay raise for one day as a result of a surplus not attributable to past planting...
Persistent link: https://www.econbiz.de/10005822733
This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean … information not only on executive compensation and firm performance but also on Chaebol affiliation) for 246 firms that were … cash compensation of Korean executives is statistically significantly related to stock market performance and that the …
Persistent link: https://www.econbiz.de/10005822774