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Bonus Payments and Reference Point Violations
Ockenfels, Axel; Sliwka, Dirk; Werner, Peter - Institute for the Study of Labor (IZA) - 2010
We investigate how bonus payments affect satisfaction and performance of managers in a large, multinational company. We find that falling behind a naturally occurring reference point for bonus comparisons reduces satisfaction and subsequent performance. The effects tend to be mitigated if...
Persistent link: https://www.econbiz.de/10008592860
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Toward the Integration of Personality Theory and Decision Theory in the Explanation of Economic and Health Behavior
Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon E.; … - Institute for the Study of Labor (IZA) - 2012
Trait-based personality psychology and economics have taken different approaches to understanding individual differences, with the former emphasizing variables derived from the factor analysis of trait assessments, and the latter emphasizing variables derived from formal decision theory. In a...
Persistent link: https://www.econbiz.de/10010742085
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An Empirical Analysis of the Time Allocation of Italian Couples: Are Italian Men Irresponsive?
Bloemen, Hans; Pasqua, Silvia; Stancanelli, Elena - Institute for the Study of Labor (IZA) - 2008
This paper analyzes the time allocation of Italian spouses to paid work, childcare and household work. The literature suggests that Italian husbands contribute the least to unpaid household work, relative to other European countries, while Italian women have the lowest market employment rates....
Persistent link: https://www.econbiz.de/10005822887
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Modelling the Employment and Wage Outcomes of Spouses: Is She Outearning Him?
Bloemen, Hans; Stancanelli, Elena - Institute for the Study of Labor (IZA) - 2008
This paper is focused on couple households where the wife is the main earner. The economic literature on this subject is particularly scant. According to our estimates, the wife was the main earner in one of every six couple households in France in 2002, including wife-sole-earner households....
Persistent link: https://www.econbiz.de/10005762193
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How Do Parents Allocate Time? The Effects of Wages and Income
Bloemen, Hans; Stancanelli, Elena - Institute for the Study of Labor (IZA) - 2008
This paper focuses on the time allocation of spouses and the impact of economic variables. We present a stylized model of the time allocation of spouses to illustrate the expected impact of wages and non-labour income. The empirical model simultaneously specifies three time-use choices – paid...
Persistent link: https://www.econbiz.de/10005703247
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Who Benefits from Benefits? Empirical Research on Tangible Incentives
Hammermann, Andrea; Mohnen, Alwine - Institute for the Study of Labor (IZA) - 2012
Although a broad field of literature on incentive theory exists, employer-provided tangible goods (hereafter called benefits) have so far been neglected by economic research. A remarkable exception is an empirical study by Oyer (2008). In our study, we test some of his findings by drawing on a...
Persistent link: https://www.econbiz.de/10009646296
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Estimating Workforce Disposal in the Italian Labour Market
Contini, Bruno; Grand, Elisa - Institute for the Study of Labor (IZA) - 2014
workforce common to all EU member countries: flows from regular employment to non-employment are very often dead-ends. A vast …-term unemployed or leave the workforce altogether, never to regain regular employment even after as long as twenty years. Many join … the ranks of the irregular economy, many drop out of the labour force. "Workforce disposal" refers to the process …
Persistent link: https://www.econbiz.de/10010884397
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Workplace Job Satisfaction in Britain: Evidence from Linked Employer-Employee Data
Haile, Getinet Astatike - Institute for the Study of Labor (IZA) - 2009
This paper examines the determinants of job satisfaction in Britain using nationally representative linked employer-employee data (WERS2004) and alternative econometric techniques. It uses eight facets of job satisfaction for the purpose. As well as underscoring the importance of accounting for...
Persistent link: https://www.econbiz.de/10005822076
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Reference Dependent Preferences and the Impact of Wage Increases on Job Satisfaction: Theory and Evidence
Grund, Christian; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2005
The impact of wage increases on job satisfaction is explored theoretically and empirically. To do this, we apply a utility function that rises with the absolute wage level as well as with wage increases. It is shown that when employees can influence their wages by exerting effort, myopic utility...
Persistent link: https://www.econbiz.de/10005822174
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Does Wage Rank Affect Employees’ Wellbeing?
Brown, Gordon D. A.; Gardner, Jonathan; Oswald, Andrew; … - Institute for the Study of Labor (IZA) - 2005
What makes workers happy? Here we argue that pure ‘rank’ matters. It is currently believed that wellbeing is determined partly by an individual’s absolute wage (say, 30,000 dollars a year) and partly by the individual’s relative wage (say, 30,000 dollars compared to an average in the...
Persistent link: https://www.econbiz.de/10005822606