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Time limits on welfare use under involuntary unemployment

Holzner, Christian; Meier, Volker; Werding, Martin - 2004

The impacts of introducing or tightening time limits on welfare use are studied in an efficiency wage model. Those losing access to regular benefits receive some smaller benefit, which can be interpreted as food stamps. Stricter time limits raise both employment and profits and generally reduce...

Persistent link: https://www.econbiz.de/10010261217

Efficiency Wages with Motivated Agents

Armouti-Hansen, Jesper - 2020

Many organizations nowadays combine profits with a social mission. This paper reveals a new hidden benefit of the mission: its role in facilitating the emergence of efficiency wages. We show that in a standard gift-exchange principals highly underestimate agents' reciprocity and, thereby, offer...

Persistent link: https://www.econbiz.de/10012825994

An Efficiency-Wage Model with Habit Concerns About Wages

Goerke, Laszlo - 2020

short-lived productivity shocks have long-lasting wage and employment consequences. Moreover, habit concerns by firm owners …

Persistent link: https://www.econbiz.de/10012828115

Cross-Country Evidence on Teacher Performance Pay

Woessmann, Ludger - 2010

The general-equilibrium effects of performance-related teacher pay include long-term incentive and teacher-sorting mechanisms that usually elude experimental studies but are captured in cross-country comparisons. Combining country-level performance-pay measures with rich PISA-2003 international...

Persistent link: https://www.econbiz.de/10013139418

Redistribution with Performance Pay

Doligalski, Pawel - 2020

uninsurable productivity. We find that setting taxes without accounting for the endogeneity of private insurance is close to …

Persistent link: https://www.econbiz.de/10012834365

Attention-Driven Demand for Bonus Contracts

Dertwinkel-Kalt, Markus - 2019

In many markets supply contracts include a series of small, regular payments made by consumers and a single, large bonus that consumers receive at some point during the contractual period. But, if for instance its production costs exceed its value to consumers, such a bonus creates...

Persistent link: https://www.econbiz.de/10012890631

Bank Bonus Pay as a Risk Sharing Contract

Efing, Matthias - 2019

We argue that risk sharing motivates the bank-wide structure of bonus pay. In the presence of financial frictions that make external financing costly, the optimal contract between shareholders and employees involves some degree of risk sharing whereby bonus pay partially absorbs earnings shocks....

Persistent link: https://www.econbiz.de/10012892088

Incentives, Globalization, and Redistribution

Haufler, Andreas - 2020

We offer a new explanation for why taxes have become less progressive in many countries in parallel with an increase in income inequality. When performance-based compensation differentials are needed to incentivize effort, redistribution through progressive income taxes becomes less precisely...

Persistent link: https://www.econbiz.de/10012827110

Pay Transparency Under Subjective Performance Evaluation

Fahn, Matthias; Zanarone, Giorgio - 2021

This paper studies how pay transparency affects organizations that reward employees based on their efforts (i.e., using “subjective performance evaluation”). First, we show that transparency triggers social comparisons that require the organization to pay its employees an “envy premium”....

Persistent link: https://www.econbiz.de/10013250033

Incentive and Signaling Effects of Bonus Payments : An Experiment in a Company

Deversi, Marvin; Spantig, Lisa - 2023

, using a sample of managers and employees from a large company. We exogenously vary whether managers are informed about … matched to informed managers learn that the manager could base their incentive choice on cooperation levels. We find no … information. The absence of the signaling effect seems related to the perception of managers’ intentions, a mitigating but …

Persistent link: https://www.econbiz.de/10014259692

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