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Authority and Incentives in Organizations
Kräkel, Matthias - Institute for the Study of Labor (IZA) - 2013
The paper analyzes how the choice of organizational structure leads to the best compromise between controlling behavior based on authority rights and minimizing costs for implementing high efforts. Concentrated delegation and hierarchical delegation turn out to be never an optimal compromise. If...
Persistent link: https://www.econbiz.de/10010632999
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Market Imperfections and Firm-Sponsored Training
Picchio, Matteo; Ours, Jan C. van - Institute for the Study of Labor (IZA) - 2010
Recent human capital theories predict that labor market frictions and product market competition influence firm …, product market competition does not have an effect on firm-sponsored training. We conclude that increasing competition through …
Persistent link: https://www.econbiz.de/10008530645
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Bonus Culture: Competitive Pay, Screening, and Multitasking
Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …
Persistent link: https://www.econbiz.de/10010635587
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'Make-or-Buy' of Peripheral Services in Manufacturing: Evidence from Spanish Plant-Level Data
Bayo-Moriones, Alberto; Galdon-Sanchez, Jose Enrique; … - Institute for the Study of Labor (IZA) - 2013
correlated with increases in the plant's market share as well as increases in product market competition and product prices …
Persistent link: https://www.econbiz.de/10010603509
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Understanding Severance Pay
Parsons, Donald O. - Institute for the Study of Labor (IZA) - 2013
Severance pay, a fixed-sum payment to workers at job separation, has been the focus of intense policy concern for the last several decades, but much of this concern is unearned. The design of the ideal separation package is outlined and severance pay emerges as a natural component of job...
Persistent link: https://www.econbiz.de/10010884124
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Health Effects of Containing Moral Hazard: Evidence from Disability Insurance Reform
Garcia-Gomez, Pilar; Gielen, Anne C. - Institute for the Study of Labor (IZA) - 2014
We exploit an age discontinuity in a Dutch disability insurance (DI) reform to identify the health impact of stricter eligibility criteria and reduced generosity. Women subject to the more stringent rule experience greater rates of hospitalization and mortality. A €1,000 reduction in annual...
Persistent link: https://www.econbiz.de/10010886130
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Moral Hazard and Less Invasive Medical Treatment for Coronary Artery Disease: The Case of Cigarette Smoking
Margolis, Jesse; Hockenberry, Jason; Grossman, Michael; … - Institute for the Study of Labor (IZA) - 2014
Comparisons of the effectiveness of two common procedures for Coronary Artery Disease: Percutaneous Coronary Intervention (PCI) and Coronary Artery Bypass Graft (CABG). Evidence indicates that CABG – the more invasive procedure – leads to superior long term outcomes for otherwise similar...
Persistent link: https://www.econbiz.de/10010959543
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Ability Dispersion and Team Performance: A Field Experiment
Hoogendoorn, Sander M.; Parker, Simon C.; Praag, Mirjam … - Institute for the Study of Labor (IZA) - 2012
This paper studies the impact of diversity in cognitive ability among members of a team on their performance. We conduct a large field experiment in which teams start up and manage real companies under identical circumstances. Exogenous variation in – otherwise random – team composition is...
Persistent link: https://www.econbiz.de/10010959852
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Active Unemployment Insurance
Røed, Knut - Institute for the Study of Labor (IZA) - 2012
The paper argues that a comprehensive activation strategy is called for – in both unemployment and disability insurance – to minimize the conflict between income insurance and work incentives and to prevent the economic crisis from causing a long-lasting decline in labor force participation....
Persistent link: https://www.econbiz.de/10010548159
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Severance Pay Mandates: Firing Costs, Hiring Costs, and Firm Avoidance Behaviors
Parsons, Donald O. - Institute for the Study of Labor (IZA) - 2011
The potentially adverse labor market effects of severance pay mandates are a continuing source of policy concern. In a seminal study, Lazear (1990) found that contract avoidance of severance pay firing costs was theoretically simple – a bonding scheme would do – but that empirically the...
Persistent link: https://www.econbiz.de/10009225769