Narrow search
Showing 1 - 10 of 3,651
Cover Image
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
Cover Image
From public monopsony to competitive market : more efficiency but higher prices
Delfgaauw, Josse; Dur, Robert A. J. - 2003
This paper examines the consequences of creating a fully competitive market in a sector previously dominated by a cost-minimising public firm. Workers in the economy are heterogeneous in their motivation to work in the sector. In line with empirical findings, our model implies that firms in the...
Persistent link: https://www.econbiz.de/10011404420
Cover Image
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
Cover Image
"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
Cover Image
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
Cover Image
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
Cover Image
Trade adjustment : worker level evidence
Autor, David H.; Dorn, David; Hanson, Gordon H.; Song, Jae - 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/10010412742
Cover Image
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
Cover Image
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
Cover Image
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