Showing 1 - 10 of 170
This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...
Persistent link: https://www.econbiz.de/10011337995
incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for …
Persistent link: https://www.econbiz.de/10011479746
This paper examines the effect of incentives on the performance of darts players. We analyze four data sets comprising … higher incentives, but choke when the incentives are really high. Professional players similarly display better performance … under higher incentives, but appear less susceptible of choking. These results speak to a growing literature on the limits …
Persistent link: https://www.econbiz.de/10011949171
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10011844573
incentives - motivate a worker by adopting leadership styles that differ in their non-monetary consequences for the worker's well …
Persistent link: https://www.econbiz.de/10011936032
Temporary incentives are offered in anticipation of persistent effects, but these are seldom estimated. We use a … nationwide randomized experiment in the Philippines to estimate effects three years after the withdrawal of two incentives for …
Persistent link: https://www.econbiz.de/10012122550
This paper studies the identification of the costs of simultaneous search in portfolio problems (Chade and Smith, 2006). We show that market shares data from a single market do not provide sufficient information to identify the search cost distribution in any interval, even if...
Persistent link: https://www.econbiz.de/10011380935
hold the maximum amount to which the tax incentives apply.In this paper, we analyze household data on participation in …
Persistent link: https://www.econbiz.de/10011325658
This paper explores the interaction between retirement flexibility and portfolio choice in an overlapping-generations model of a closed economy. Retirement flexibility is often seen as a hedge against capital market risks which justifies more risky asset portfolios. We show, however, that this...
Persistent link: https://www.econbiz.de/10011383196
Regulators often set value-at-risk (VaR) constraints to limit the portfolio risk of institutional investors. For some investors, notably pension funds, the VaR constraint is enforced over a horizon which is significantly shorter than the investment horizon of the investor. Our paper aims to...
Persistent link: https://www.econbiz.de/10011386148