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Team Incentives and Lower Ability Workers : An Experimental Study on Real-Effort Tasks
Freeman, Richard B.; Pan, Xiaofei; Yang, Xiaolan; Ye, … - National Bureau of Economic Research - 2022
Team incentives are important in many compensation systems that pay workers according to the output of their team as …. Yet little is known about how team members with different abilities respond to compensation rules and thresholds. We … greater preference for equal sharing and concern about cooperation in chatting about the teams' compensation system than …
Persistent link: https://www.econbiz.de/10013388782
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Organizing for Collective Action : Olson Revisited
Battaglini, Marco; Palfrey, Thomas R. - National Bureau of Economic Research - 2023
We study a standard collective action problem in which successful achievement of a group interest requires costly participation by some fraction of its members. How should we model the internal organization of these groups when there is asymmetric information about the preferences of their...
Persistent link: https://www.econbiz.de/10014226188
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Preferences, Inequities, and Incentives in the Substitute Teacher Labor Market
Kraft, Matthew A.; Conklin, Megan Lane; Falken, Grace T. - National Bureau of Economic Research - 2022
We examine the labor supply decisions of substitute teachers - a large, on-demand market with broad shortages and inequitable supply. In 2018, Chicago Public Schools implemented a targeted bonus program designed to reduce unfilled teacher absences in largely segregated Black schools with...
Persistent link: https://www.econbiz.de/10013477206
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Fund Flows and Income Risk of Fund Managers
Cen, Xiao; Dou, Winston Wei; Kogan, Leonid; Wu, Wei - National Bureau of Economic Research - 2023
dataset, which encompasses detailed information on the compensation and career trajectories of managers within US active … disclosures, managers' pay is primarily driven by Assets Under Management (AUM), with performance influencing compensation only … compensation for every one-standard-deviation increase. Systematic flow components impact base salaries, while idiosyncratic …
Persistent link: https://www.econbiz.de/10014447307
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Common Ownership, Competition, and Top Management Incentives
Anton, Miguel; Ederer, Florian; Giné, Mireia; Schmalz, … - National Bureau of Economic Research - 2022
We present a mechanism based on managerial incentives through which common ownership affects product market outcomes. Firm-level variation in common ownership causes variation in managerial incentives and productivity across firms, which leads to intra-industry and intra-firm cross-market...
Persistent link: https://www.econbiz.de/10013477278
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Social and Financial Incentives for Overcoming a Collective Action Problem
Bakhtiar, M. Mehrab; Guiteras, Raymond; Levinsohn, … - National Bureau of Economic Research - 2021
Addressing public health externalities often requires community-level collective action. Each person's sanitation behavior can affect the health of neighbors. We report on a cluster randomized controlled trial conducted with 19,000 households in rural Bangladesh where we randomized (1) either...
Persistent link: https://www.econbiz.de/10012629514
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Output-based Pay : Incentives or Sorting?
Lazear, Edward P. - 1999
compensation in the form of variable pay. The selection or sorting explanation is consistent with the low elasticities of pay to …
Persistent link: https://www.econbiz.de/10012471362
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Human Resource Management and Productivity
Bloom, Nicholas - 2010
In this handbook of labor economics chapter we examine the relationship between Human Resource Management (HRM) and productivity. HRM includes incentive pay (individual and group) as well as many non-pay aspects of the employment relationship such as matching (hiring and firing) and work...
Persistent link: https://www.econbiz.de/10012462634
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Dynamic Incentive Accounts
Edmans, Alex - 2009
Contracts in a dynamic model must address a number of issues absent from static frameworks. Shocks to firm value may weaken the incentive effects of securities (e.g. cause options to fall out of the money), and the impact of some CEO actions may not be felt until far in the future. We derive the...
Persistent link: https://www.econbiz.de/10012463326
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Bank CEO Incentives and the Credit Crisis
Fahlenbrach, Rüdiger - 2009
terms of accounting return on equity. Further, option compensation did not have an adverse impact on bank performance during …
Persistent link: https://www.econbiz.de/10012463437