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Pay Few Subjects But Pay Them Well : Cost-Effectiveness of Random Incentive Systems
March, Christoph - 2016
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
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Optimal Income Taxation with Unemployment and Wage Responses : A Sufficient Statistics Approach
Kroft, Kory - 2017
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
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CEO Compensation
Frydman, Carola; Jenter, Dirk - 2021
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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Immigration, Unemployment and Wages : New Causality Evidence from the United Kingdom
Tunali, Cigdem Börke - 2017
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
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Trade Adjustment : Worker Level Evidence
Autor, David H. - 2014
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
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Bonus Taxes and International Competition for Bank Managers
Gietl, Daniel - 2017
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
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More Effort with Less Pay : On Information Avoidance, Belief Design and Performance
Huck, Steffen - 2015
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
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The Effects of a Bonus Tax on Manager Compensation and Welfare
Radulescu, Doina Maria - 2010
This paper analyses the implications of a currently publicly debated issue, namely the introduction of a bonus tax. We shed light on the effects of the bonus tax on compensation components and study its incidence. We use the Principal Agent model within a two-country framework and consider two...
Persistent link: https://www.econbiz.de/10013144210
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Corporate Deductibility Provisions and Managerial Incentives
Koethenbuerger, Marko - 2014
Using an agency model of firm behavior, the paper analyzes whether the cost of investment should be tax exempt. The findings suggest that, when managers engage in wasteful capital expenditures, welfare may decline if the cost of investment is tax deductible, as commonly advocated. The extent to...
Persistent link: https://www.econbiz.de/10013060519
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Asymmetric Taxation and Performance-Based Incentive Contracts
Niemann, Rainer - 2021
This paper analyzes the effects of symmetric and asymmetric taxation on performance-based versus fixed remuneration contracts. I integrate a proportional corporation tax and a proportional wage tax into a binary principal-agent model. The wage tax increases the remuneration costs and makes the...
Persistent link: https://www.econbiz.de/10013316066