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Optimal incentive contracts when workers envy their boss
Dur, Robert A. J.; Glazer, Amihai - 2006
A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This … article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the … applications of our theoretical work: envy can explain why a lower-level worker is awarded stock options, why incentive pay is …
Persistent link: https://www.econbiz.de/10011335185
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Optimal incentive contracts when workers envy their boss
Dur, Robert A. J.; Glazer, Amihai - 2004
Persistent link: https://www.econbiz.de/10002048152
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Does Rosie Like Riveting? Male and Female Occupational Choices
Lordan, Grace - 2016
Occupational segregation and pay gaps by gender remain large while many of the constraints traditionally believed to be responsible for these gaps have weakened over time. Here, we explore the possibility that women and men have different tastes for the content of the work they do. We run...
Persistent link: https://www.econbiz.de/10012984866
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The Wage Curve : An Entry Written for the New Palgrave, 2nd Edition
Blanchflower, David G. - 2006
This paper summarizes evidence for the existence of a wage curve - a downward-sloping relationship between the level of pay and the local unemployment rate - in modern micro data. At the time of writing, the curve has been found in 40 nations. Its elasticity is approximately -0.1
Persistent link: https://www.econbiz.de/10012780053
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Cross Cohort Evidence on Gendered Sorting Patterns in the UK : The Importance of Societal Movements Versus Childhood Variables
Lekfuangfu, Warn N. - 2018
We consider the extent to which societal shifts have been responsible for an increased tendency for females to sort into traditional male roles over time, versus childhood factors. Drawing on three cohort studies, which follow individuals born in the UK in 1958, 1970 and 2000, we compare the...
Persistent link: https://www.econbiz.de/10012908904
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Human Capital Spillovers and Economic Performance in the Workplace in 2004 : Some British Evidence
Metcalfe, Renuka; Sloane, Peter J. - 2021
This paper considers the impact of education and training on both individual and co-worker pay and establishment performance using the matched employer-employee data in WERS 2004, the panel dataset 1998-2004 and the new Financial Performance Questionnaire. This enables us to assess the impact of...
Persistent link: https://www.econbiz.de/10013317081
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Analyzing the effects of insuring health risks : on the trade-off between short run insurance benefits vs. long run incentive costs
Cole, Harold L.; Kim, Soojin; Krueger, Dirk - 2012
Persistent link: https://www.econbiz.de/10009680697
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Entrepreneurial moral hazard in income insurance
Ejrnæs, Mette; Hochgürtel, Stefan - 2011
We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....
Persistent link: https://www.econbiz.de/10011376618
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Better safe than sorry? : ex ante and ex post moral hazard in dynamic insurance data
Abbring, Jaap H.; Chiappori, Pierre-André; Zavadil, Tibor - 2008
This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex ante moral hazard) and claim (ex post moral hazard) choices and Dutch longitudinal micro data. We use the theory to characterize the heterogeneous dynamic changes in incentives...
Persistent link: https://www.econbiz.de/10011376656
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A dynamic analysis of the demand for health insurance and health care
Bolhaar, Jonneke; Lindeboom, Maarten; Klaauw, Bas van der - 2008
We investigate the presence of moral hazard and advantageous or adverse selection in a market for supplementary health insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates of the health care utilization models indicate...
Persistent link: https://www.econbiz.de/10011377059