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Optimal incentive contracts for a worker who envies his boss
Dur, Robert; Glazer, Amihai - 2004
A worker's utility may increase in his own income, but envy can make his utility decline with his employer's income … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …, increases optimal incentive pay. Moreover, envy can make profitsharing optimal, even when the worker's effort is fully …
Persistent link: https://www.econbiz.de/10010261264
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A Welfarist Role for Nonwelfarist Rules : An example with envy
Weinzierl, Matthew - 2017
driven by envy even though it generates direct utilitarian gains. That share rises as the role of envy is made more salient …
Persistent link: https://www.econbiz.de/10012455095
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Sustainable social spending in a greying economy with stagnant public services: Baumol's cost disease revisited
van der Ploeg, Frederick - 2006
Baumol's cost disease states that relatively high productivity growth in manufacturing induces a steady increase in the relative price of human services. If demand for these services is inelastic or manufactured goods are necessities, the budget share of these services inexorably rises over time...
Persistent link: https://www.econbiz.de/10010276200
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Incentives and workers' motivation in the public sector
Delfgaauw, Josse; Dur, Robert - 2004
Civil servants have a bad reputation of being lazy. However, citizens' personal experiences with civil servants appear to be significantly better. We develop a model of an economy in which workers differ in laziness and in public service motivation, and characterise optimal incentive contracts...
Persistent link: https://www.econbiz.de/10010261219
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The desire for impact
Dur, Robert A. J.; Glazer, Amihai - 2005
This paper explores the meaning and implications of the desire by workers for impact. We find that this impact motive can make firms in a competitive labor market act as monopsonists, lead workers with the same characteristics but at different firms to earn different wages, may alleviate the...
Persistent link: https://www.econbiz.de/10010261327
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Independent Contracting, Self-Employment, and Gig Work : Evidence from California Tax Data
Bernhardt, Annette; Campos, Christopher; Prohofsky, Allen; … - National Bureau of Economic Research - 2022
We use de-identified data from California personal income tax returns to measure the frequency and nature of independent contracting and self-employment work in California. We identify this work by the presence of a Schedule C on the tax return and/or the receipt of a Form 1099 information...
Persistent link: https://www.econbiz.de/10013361982
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Have CEOs Changed?
Decressin, Yann; Kaplan, Steven N.; Sørensen, Morten - National Bureau of Economic Research - 2024
Using more than 4,900 assessments, we study changes in the characteristics and objectives of CEOs and top executives since 2001. The same four factors explain roughly half of the variation of assessed CEO characteristics in this larger sample of executive assessments as in Kaplan and Sorensen...
Persistent link: https://www.econbiz.de/10015056180
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The Rise of Teamwork and Career Prospects in Academic Science
Andalón, Mabel; De Fontenay, Catherine C.; Ginther, … - National Bureau of Economic Research - 2024
Teamwork has become more important in recent decades. We show that larger teams generate an unintended side effect: individuals who finish their PhD when the average team in their field is larger have worse career prospects. Our analysis combines data on career outcomes from the Survey of...
Persistent link: https://www.econbiz.de/10015056151
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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. - 2012
This paper constructs a dynamic model of health insurance to evaluate the short- and long run effects of policies that prevent firms from conditioning wages on health conditions of their workers, and that prevent health insurance companies from charging individuals with adverse health conditions...
Persistent link: https://www.econbiz.de/10012460088
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Construction contracts (or How to get the right building at the right price?)
Chakravarty, Surajeet; MacLeod, W. Bentley - 2006
Most contracts that individuals enter into are not written from scratch; rather, they depend upon forms and terms that have been successful in the past. In this paper, we study the structure of form construction contracts published by the American Institute of Architects (AIA). We show that...
Persistent link: https://www.econbiz.de/10010263907