Showing 1 - 10 of 248
We present a detailed analysis of the incentives that Social Security provides for continued work at older ages. We do …
Persistent link: https://www.econbiz.de/10012471116
of the typical American firm. Variable pay is usually touted as a way to provide incentives to managers whose interests …
Persistent link: https://www.econbiz.de/10012471362
Incentive effects of pension systems are usually estimated under the assumption that the institutional environment provides a single optimal 'pathway' for retirement. However, many countries provide competing pathways which may include several early retirement options in addition to normal...
Persistent link: https://www.econbiz.de/10012471445
underinvestment problem. We derive comparative static predictions for the equilibrium relationships between incentives from … compensation, investment, and firm performance for both cases. The relationship between firm performance and managerial incentives … to identify whether managers have private benefits or costs, we estimate the joint relationships between incentives and …
Persistent link: https://www.econbiz.de/10012471449
In an earlier work, we analyzed how the legal rules governing contractual liability affect the transfer of information between the parties to the contract. In particular, we showed how limitations on contractual liability might lead high valuation buyers to reveal their valuation of performance,...
Persistent link: https://www.econbiz.de/10012471688
This paper surveys the econometric evidence on the effectiveness of fiscal incentives for R&D. We describe the effects …
Persistent link: https://www.econbiz.de/10012471700
This paper investigates the impact of financial incentive programs, which have become an increasingly common component of welfare programs. We review experimental evidence from several such programs. Financial incentive programs appear to increase work and raise income (lower poverty), but cost...
Persistent link: https://www.econbiz.de/10012471802
Despite decades of research on heuristics and biases, empirical evidence on the effect of large incentives - as present … in relevant economic decisions - on cognitive biases is scant. This paper tests the effect of incentives on four widely … incentives, standard lab payments, and very high incentives that increase the stakes by a factor of 100 to more than a monthly …
Persistent link: https://www.econbiz.de/10012510529
Can financial incentives, public health messages and other behavioral nudges -approaches deployed by state and local …-2021, we randomly assigned unvaccinated members of a Medicaid managed care health plan to $10 or $50 financial incentives … treatments increased overall vaccination rates. Consistent with backlash concerns, financial incentives and negative messages …
Persistent link: https://www.econbiz.de/10012660081
How does a firm's market power in existing products affect its incentives to innovate? We explore this fundamental … firms having reduced incentives to innovate when they are able to maintain their market power, highlighting a specific …
Persistent link: https://www.econbiz.de/10012585448