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Persistent link: https://www.econbiz.de/10009760740
Most large-scale economic experiments use a between-subjects random incentive system-BRIS-which selects a subset of the participants at random and offers real payment only to the selected participants. We evaluate the relative impact of nominal payoffs and the selection probability on the...
Persistent link: https://www.econbiz.de/10012985450
We derive a sufficient statistics optimal income tax formula in a general model that incorporates unemployment and … endogenous wages, to study the shape of the tax and transfer system at the bottom of the income distribution. The sufficient … resembles a Negative Income Tax than an Earned Income Tax Credit relative to the case where unemployment and wage responses are …
Persistent link: https://www.econbiz.de/10012943389
This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...
Persistent link: https://www.econbiz.de/10013316120
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unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …The vast literature on the effects of immigration on wages and employment is plagued by likely endogeneity and …
Persistent link: https://www.econbiz.de/10012955276
manufacturing. Earnings losses are larger for individuals with low initial wages, low initial tenure, and low attachment to the …
Persistent link: https://www.econbiz.de/10013045347
Persistent link: https://www.econbiz.de/10011935077
We analyze the competition in bonus taxation when banks compensate their managers by means of fixed and incentive pay and bankers are internationally mobile. Banks choose bonus payments that induce excessive managerial risk-taking to maximize their private benefits of existing government bailout...
Persistent link: https://www.econbiz.de/10012953879
In a tedious real effort task, subjects know that their piece rate is either low or ten times higher. When subjects are informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this instrumental information when given the choice - and...
Persistent link: https://www.econbiz.de/10013012566