particular, branches with more experienced managers were better able to respond to the new incentives. …

market competition on the performance-pay sensitivity of CEOs, and contrast it with the effect for department managers and … reform, decreased the sensitivity of pay to performance of CEOs, with no significant effects found for other managers or …

-out perceptions makes it optimal for a welfare-maximizing regulator to impose caps on bank bonuses. In contrast, raising managers …

managerial incentives affect both the mean and dispersion of workers’ productivity through two channels. First, managers respond … increase. Second, managers select out the least able workers, implying that the mean increases but the dispersion may decrease … of worker productivity. Analysis of individual level productivity data shows that managers target their effort towards …

We present evidence on the effect of social connections between workers and managers on productivity in the workplace … workers managed. We find that when managers are paid fixed wages, they favor workers to whom they are socially connected …