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Is Seniority-Based Pay Used as a Motivation Device? Evidence from Plant Level Data
Bayo-Moriones, Alberto; Galdon-Sanchez, Jose E.; … - Institute for the Study of Labor (IZA) - 2004
In this paper we use data from industrial plants to investigate if seniority-based pay is used as a motivational device for production workers. Alternatively, seniority-based pay could simply be a wage setting rule not necessarily related to the provision of incentives. Unlike previous papers,...
Persistent link: https://www.econbiz.de/10005822035
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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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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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What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009
Fabbri, Francesca; Marin, Dalia - Institute for the Study of Labor (IZA) - 2012
work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …
Persistent link: https://www.econbiz.de/10011279348
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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