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Paid to quit
Dur, Robert A. J.; Schmittdiel, Heiner - 2015
Inspired by a recent observation about an online retail company, this paper explains why a firm may find it optimal to offer an exit bonus to recent hires so as to induce self-selection. We study a double adverse selection problem, in which the principal can neither observe agents’ commitment...
Persistent link: https://www.econbiz.de/10011405134
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Bonus question : how does flexible incentive pay affect wage rigidity?
Gaur, Meghana; Grigsby, John; Hazell, Jonathon; Ndiaye, … - 2024
response of unemployment in our incentive pay model calibrated to strongly procyclical wages. …We introduce dynamic incentive contracts into a model of inflation and unemployment dynamics. Our main result is that … wage cyclicality from incentives neither affects the slope of the Phillips curve for prices nor dampens unemployment …
Persistent link: https://www.econbiz.de/10015046287
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"The double dividend of Training" : labor market effects of work-related continuous education in Switzerland
Denzler, Stefan; Ruhose, Jens; Wolter, Stefan C. - 2022
risk of unemployment two years after the treatment. However, the effects are heterogeneous as to gender, age, education …
Persistent link: https://www.econbiz.de/10013413337
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Optimal income taxation with unemployment and wage responses : a sufficient statistics approach
Kroft, Kory; Kucko, Kavan; Lehmann, Etienne; Schmieder, … - 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/10011735961
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Paying for what kind of performance? : performance pay and multitasking in mission-oriented jobs
Jones, Daniel B.; Tonin, Mirco; Vlassopoulos, Michael - 2018
How does pay-for-performance (P4P) impact productivity, multitasking, and the composition of workers in mission-oriented jobs? These are central issues in sectors like education or healthcare. We conduct a laboratory experiment, manipulating compensation and mission, to answer these questions....
Persistent link: https://www.econbiz.de/10011877817
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Fairness, trade, and inequality
Egger, Hartmut (contributor); Kreickemeier, Udo (contributor) - 2008
inequality ; fair wages ; unemployment … firms with higher profits pay higher wages in equilibrium in order to elicit their workers’ full effort. We show that in … dimensions: Involuntary unemployment and income inequality between entrepreneurs and workers increase, and so does inequality …
Persistent link: https://www.econbiz.de/10003730282
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Contractual and organizational structure with reciprocal agents
Englmaier, Florian (contributor);  … - 2008
Empirically, compensation systems generate substantial effort despite weak monetary incentives. We consider reciprocal motivations as a source of incentives. We solve for the optimal contract in the basic principal-agent problem and show that reciprocal motivations and explicit performance-based...
Persistent link: https://www.econbiz.de/10003763282
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Market competition and lower tier incentives
Theilen, Bernd (contributor) - 2008
The relationship between competition and performance-related pay has been analyzed in single-principal-single-agent models. While this approach yields good predictions for managerial pay schemes, the predictions fail to apply for employees at lower tiers of a firm’s hierarchy. In this paper, a...
Persistent link: https://www.econbiz.de/10003790640
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The effect of adversity on process innovations and managerial incentives
Dostie, Benoît; Jayaraman, Rajshri - 2009
This paper asks whether adversity spurs the introduction of process innovations and increases the use of managerial incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous variation in adversity arising from increased border...
Persistent link: https://www.econbiz.de/10003854411
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The effects of a bonus tax on manager compensation and welfare
Radulescu, Doina - 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/10003965889