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Bonus Culture: Competitive Pay, Screening, and Multitasking
Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2013
talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … distorts incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …
Persistent link: https://www.econbiz.de/10010635587
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Heterogeneous Social Preferences and the Dynamics of Free Riding in Public Goods
Fischbacher, Urs; Gächter, Simon - Institute for the Study of Labor (IZA) - 2006
We provide a direct test of the role of social preferences in voluntary cooperation. We elicit individuals' cooperation preference in one experiment and make a point prediction about the contribution to a repeated public good. This allows for a novel test as to whether there are "types" of...
Persistent link: https://www.econbiz.de/10005822657
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The Limits of Self-Governance in the Presence of Spite: Experimental Evidence from Urban and Rural Russia
Gächter, Simon; Herrmann, Benedikt - Institute for the Study of Labor (IZA) - 2006
We report evidence from public goods experiments with and without punishment which we conducted in Russia with 566 urban and rural participants of young and mature age cohorts. Russia is interesting for studying voluntary cooperation because of its long history of collectivism, and a huge...
Persistent link: https://www.econbiz.de/10005763774
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On the Origin of the Family
Francesconi, Marco; Ghiglino, Christian; Perry, Motty - Institute for the Study of Labor (IZA) - 2009
This paper presents an overlapping generations model to explain why humans live in families rather than in other pair groupings. Since most non-human species are not familial, something special must be behind the family. It is shown that the two necessary features that explain the origin of the...
Persistent link: https://www.econbiz.de/10008550011
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Is There Too Little Immigration?
Bandyopadhyay, Subhayu; Wall, Howard J. - Institute for the Study of Labor (IZA) - 2007
This paper presents a model of legal migration from one source country to two host countries, both of which can control their levels of immigration. Because of complementarities between capital and labor, the return on capital is positively related to the level of immigration. Consequently, when...
Persistent link: https://www.econbiz.de/10005761831
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Eliciting Individual Preferences for Pension Reform
Abid Fourati, Yosr; O'Donoghue, Cathal - Institute for the Study of Labor (IZA) - 2009
Pension systems have recently been under scrutiny because of the expected population ageing threatening its sustainability. This paper's contribution to the debate is from a political economic perspective as it uses data from a choice experiment to investigate individual preferences for an...
Persistent link: https://www.econbiz.de/10008517980
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Stated and Revealed Heterogeneous Risk Preferences in Educational Choice
Fossen, Frank M.; Glocker, Daniela - Institute for the Study of Labor (IZA) - 2014
Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010743492
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Wage Dispersion and Labor Turnover with Adverse Selection
Carrillo-Tudela, Carlos; Kaas, Leo - Institute for the Study of Labor (IZA) - 2011
We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. With sufficiently strong information frictions, low-wage firms offer separating contracts and...
Persistent link: https://www.econbiz.de/10009283581
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Adverse Selection and Incentives in an Early Retirement Program
Whelan, Kenneth T.; Ehrenberg, Ronald G.; Hallock, Kevin F. - Institute for the Study of Labor (IZA) - 2011
We evaluate potential determinants of enrollment in an early retirement incentive program for non-tenure-track employees at a large university. Using administrative records on the eligible population of employees not covered by collective bargaining agreements, historical employee count and...
Persistent link: https://www.econbiz.de/10009353430
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Outside Income and Moral Hazard: The Elusive Quest for Good Politicians
Gagliarducci, Stefano; Nannicini, Tommaso; Naticchioni, … - Institute for the Study of Labor (IZA) - 2008
In most modern democracies elected officials can work in the private sector while appointed in parliament. We show that when the political and market sectors are not mutually exclusive, a trade-off arises between the quality of elected officials and the effort they exert in political life. If...
Persistent link: https://www.econbiz.de/10005822047