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Subjective evaluation versus public information
Bester, Helmut; Münster, Johannes - 2013
This paper studies a principal-agent relation in which the principal's private information about the agent's effort choice is more accurate than a noisy public performance measure. For some contingencies the optimal contract has to specify ex post inefficiencies in the form of inefficient...
Persistent link: https://www.econbiz.de/10009752336
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Restrictions of fixed term employment contracts : evidence from a German reform
Brüll, Eduard - 2019
This paper examines the impact of legal restrictions on fixed-term contracts on employment, wages and the careers of labour market entrants. Specifically, I analyse a 2001 German reform that made it more difficult for establishments that are not subject to employment protection to hire workers...
Persistent link: https://www.econbiz.de/10012060809
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Stochastic contracts and subjective evaluations
Lang, Matthias - 2022
Subjective evaluations are widely used, but call for different contracts from classical moral-hazard settings. Previous literature shows that contracts require payments to third parties. I show that the (implicit) assumption of deterministic contracts makes payments to third parties necessary....
Persistent link: https://www.econbiz.de/10014458796
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A simple test of the efficiency wage hypothesis revisited
Dastani, Parsis; Laisney, François; Vouillaume, Sophie - 1997
Gerlach and Stephan (1994) proposed a test based on the idea that the wage premium, the part of the wage which is not explained by the stock of human capital, should help predict variables such as career expectations (quit, change occupation, leave the labour force) and some job characteristics...
Persistent link: https://www.econbiz.de/10011621685
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The lifecycle of affirmative action policies and its effect on effort and sabotage behavior
Chowdhury, Subhasish M.; Danilov, Anastasia; Kocher, Martin - 2023 - This version: May 16, 2023
which individuals participate in a real-effort tournament and can sabotage each other. We find that AA does not necessarily … after the introduction of the AA policy. Additionally, we observe less sabotage under AA when the tournament started … result in higher effort. High performers that already experienced an existing AA-free tournament reduce their effort levels …
Persistent link: https://www.econbiz.de/10014480254
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Does a short-term increase in incentives boost performance?
Angelova, Vera; Giebe, Thomas; Ivanova-Stenzel, Radosveta - 2017
If agents are exposed to continual competitive pressure, how does a short-term variation of the severity of the competition affect agents' performance? In a real-effort laboratory experiment, we study a one-time increase in incentives in a sequence of equally incentivized contests. Our results...
Persistent link: https://www.econbiz.de/10011895040
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Coordination in the Labor Market
Halko, Marja-Liisa; Virrankoski, Juha - 2011
We solve the equilibrium market structure in a labor market where vacancies and unemployed workers can meet either in an intermediated market where wages are determined by take-it-orleave- it offers, or in a directed search market where firms post wages. By using an intermediary agents avoid the...
Persistent link: https://www.econbiz.de/10012503018
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Communicating subjective evaluations
Lang, Matthias - 2018
Consider managers evaluating their employees' performances. Should managers justify their subjective evaluations? Suppose a manager's evaluation is private information. Justifying her evaluation is costly but limits the principal's scope for distorting her evaluation of the employee. I show that...
Persistent link: https://www.econbiz.de/10011930440
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Sanctioning and trustworthiness across ethnic groups : experimental evidence from Afghanistan
Levely, Ian; Bartoš, Vojtěch - 2018
We show how sanctioning is more effective in increasing cooperation between groups than within groups. We study this using a trust game among ethnically diverse subjects in Afghanistan. In the experiment, we manipulate i) sanctioning and ii) ethnic identity. We find that sanctioning increases...
Persistent link: https://www.econbiz.de/10011904803
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Flexibilisation without hesitation? : temporary contracts and workers' satisfaction
Chadi, Adrian; Hetschko, Clemens - 2013
Fixed-term contracts are often considered a key policy tool for increasing employment. As we show that contract limitation lowers job satisfaction using data from the German Socio-Economic Panel study, we detect a drawback of promoting temporary employment that has not been identified so far. We...
Persistent link: https://www.econbiz.de/10009727165