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Profit Sharing and Training
Kraft, Kornelius; Lang, Julia - Institute for the Study of Labor (IZA) - 2011
possible selectivity effects, we combine a matching approach with difference-in-differences. We identify the proportion of …
Persistent link: https://www.econbiz.de/10009371879
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Base Salaries, Bonus Payments, and Work Absence among Managers in a German Company
Pfeifer, Christian - Institute for the Study of Labor (IZA) - 2012
bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German …
Persistent link: https://www.econbiz.de/10010675505
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Executive Compensation, Firm Performance, and Chaebols in Korea: Evidence from New Panel Data
Kato, Takao; Kim, Woochan; Lee, Ju Ho - Institute for the Study of Labor (IZA) - 2005
This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...
Persistent link: https://www.econbiz.de/10005822774
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Optimizing Incentive Plan Design: A Case Study
Levenson, Alec; Zoghi, Cindy; Gibbs, Michael; Benson, George - Institute for the Study of Labor (IZA) - 2011
We study effects of a firm's attempt to optimize an existing incentive scheme to increase sales growth for direct store delivery workers. Before optimization workers reported Ratchet Effects that lowered productivity. The altered incentive plan offered higher compensation for increased sales...
Persistent link: https://www.econbiz.de/10009323407
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Management Compensation and the Economic Crisis: Longitudinal Evidence from the German Chemical Sector
Grund, Christian; Walter, Tanja - Institute for the Study of Labor (IZA) - 2013
extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards … perspective. We also examine that certain parts of managers seem to have more power to influence their compensation than others …. Inequality in managers' compensation decreased during the crisis. …
Persistent link: https://www.econbiz.de/10011188124
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Design and Implementation of Pay for Performance
Gibbs, Michael - Institute for the Study of Labor (IZA) - 2012
A large, mature and robust economic literature on pay for performance now exists, which provides a useful framework for thinking about pay for performance systems. I use the lessons of the literature to discuss how to design and implement pay for performance in practice.
Persistent link: https://www.econbiz.de/10009646325
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Can Higher Bonuses Lead to Less Effort? Incentive Reversal in Teams
Klor, Esteban F.; Kube, Sebastian; Winter, Eyal; … - Institute for the Study of Labor (IZA) - 2011
Conventional wisdom suggests that an increase in monetary incentives should induce agents to exert higher effort. In this paper, however, we demonstrate that this may not hold in team settings. In the context of sequential team production with positive externalities between agents, incentive...
Persistent link: https://www.econbiz.de/10008839289
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Reciprocity and Payment Schemes: When Equality Is Unfair
Abeler, Johannes; Altmann, Steffen; Kube, Sebastian; … - Institute for the Study of Labor (IZA) - 2006
A growing literature stresses the importance of reciprocity, especially for employment relations. In this paper, we study the interaction of different payment modes with reciprocity. In particular, we analyze how equal wages affect performance and efficiency in an environment characterized by...
Persistent link: https://www.econbiz.de/10005761926
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Do Co-Workers’ Wages Matter? Theory and Evidence on Wage Secrecy, Wage Compression and Effort
Charness, Gary; Kuhn, Peter - Institute for the Study of Labor (IZA) - 2004
We study worker and firm behavior in an environment where worker effort could depend on co-workers’ wages. Theoretically, we show that an increase in workers’ ‘concerns’ with coworkers’ wages should lead profit-maximizing firms to compress wages under quite general conditions. However,...
Persistent link: https://www.econbiz.de/10005566513
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Treating Equals Unequally: Incentives in Teams, Workers' Motivation and Production Technology
Goerg, Sebastian; Kube, Sebastian; Zultan, Ro'i - Institute for the Study of Labor (IZA) - 2009
The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...
Persistent link: https://www.econbiz.de/10005566518