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Hidden Action, Identification, and Organization Design

Schnedler, Wendelin - Institute for the Study of Labor (IZA) - 2010

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

Task Difficulty, Performance Measure Characteristics, and the Trade-Off between Insurance and Well-Allocated Effort

Schnedler, Wendelin - Institute for the Study of Labor (IZA) - 2006

When designing incentives for a manager, the trade-off between insurance and a “good” allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity...

Persistent link: https://www.econbiz.de/10005566602

Sharp Teeth or Empty Mouths? Revisiting the Minimum Wage Bite with Sectoral Data

Garnero, Andrea; Kampelmann, Stephan; Rycx, Francois - Institute for the Study of Labor (IZA) - 2013

The paper explores the link between different institutional features of minimum wage systems and the minimum wage bite. We notably address the striking absence of studies on sectoral-level minima and exploit unique data covering 17 European countries and information from more than 1100...

Persistent link: https://www.econbiz.de/10010990915

Looking After Number Two? Competition, Cooperation and Workplace Interaction

Barmby, Tim; Sessions, John G.; Zangelidis, Alexandros - Institute for the Study of Labor (IZA) - 2013

We build a model of worker interdependence in which two workers can either compete or cooperate and compare performance under either scenario to that of a single worker working in isolation. We show that whilst competition unequivocally reduces performance, cooperation may raise or lower...

Persistent link: https://www.econbiz.de/10010884115

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

Physician Payment Mechanisms, Hospital Length of Stay and Risk of Readmission: Evidence from a Natural Experiment

Échevin, Damien; Fortin, Bernard - Institute for the Study of Labor (IZA) - 2013

We provide an analysis of the effect of physician payment methods on their hospital patients' length of stay and risk of readmission. To do so, we exploit a major reform implemented in Quebec (Canada) in 1999. The Quebec Government introduced an optional mixed compensation (MC) scheme for...

Persistent link: https://www.econbiz.de/10010884181

Profit Sharing and Relative Consumption

Goerke, Laszlo - Institute for the Study of Labor (IZA) - 2012

Traditionally, it has been argued that profit sharing can increase employment and welfare because it lowers marginal … labour costs without reducing total cost or labour income. In this paper, we show that profit sharing can also represent a … Pareto-improvement if labour supply is excessive due to relative consumption effects. Mandatory profit sharing reduces wages …

Persistent link: https://www.econbiz.de/10010884186

Overtime Working and Contract Efficiency

Hart, Robert A.; Ma, Yue - Institute for the Study of Labor (IZA) - 2013

We present a wage-hours contract designed to minimize costly job turnover given investments in on the job training combined with firm and worker information asymmetries. It may be optimal for the parties to work 'long hours' remunerated at premium rates for guaranteed overtime hours. Based on...

Persistent link: https://www.econbiz.de/10010884333

Who Lives in the C-Suite? Organizational Structure and the Division of Labor in Top Management

Guadalupe, Maria; Li, Hongyi; Wulf, Julie M. - Institute for the Study of Labor (IZA) - 2012

This paper shows that top management structures in large US firms radically changed since the mid-1980s. While the number of managers reporting directly to the CEO doubled, the growth was driven primarily by functional managers rather than general managers. Using panel data on senior management...

Persistent link: https://www.econbiz.de/10010884351

Cooperatives in a Global Economy: Key Economic Issues, Recent Trends, and Potential for Development

Smith, Stephen C.; Rothbaum, Jonathan - Institute for the Study of Labor (IZA) - 2013

In this paper, we examine major trends and potential for cooperatives in the context of four prominent socio-economic issues: the lack of jobs, economic and social inequality, educational mobility, and the priority need for innovations. We present recent data on the amount and types of job...

Persistent link: https://www.econbiz.de/10010884382

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