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Reference dependent preferences and the impact of wage increases on job satisfaction : theory and evidence

Grund, Christian (contributor); Sliwka, Dirk (contributor) - 2005

The impact of wage increases on job satisfaction is explored theoretically and empirically. To do this, we apply a utility function that rises with the absolute wage level as well as with wage increases. It is shown that when employees can influence their wages by exerting effort, myopic utility...

Persistent link: https://www.econbiz.de/10003222507

Works councils and performance appraisals

Grund, Christian; Sliwka, Dirk; Titz, Krystina - 2019

Drawing on two large German representative data sets, we analyze the role of works councils for the use of performance appraisals (PA). We distinguish between the incidence of performance appraisal systems as intended by the firm and their actual implementation on the level of the individual...

Persistent link: https://www.econbiz.de/10012121631

Breakthroughs, backlashes and Artificial General Intelligence : an extended real options approach

Gries, Thomas; Naudé, Wim - 2022

Breakthroughs and backlashes have marked progress in the development and diffusion of Artificial Intelligence (AI). These shocks make the investment in developing an Artificial General Intelligence (AGI) subject to considerable uncertainty. This paper applies a real options model, extended to...

Persistent link: https://www.econbiz.de/10012880024

An experiment on creativity in virtual teams

Grund, Christian; Harbring, Christine; Klinkenberg, Lisa - 2024

The organization of work and the characteristics of tasks have undergone considerable changes in recent years. The developments include (i) an increased relevance of virtual teams and (ii) a higher demand for non-routine tasks in organizations, including creativity. Existing research on creative...

Persistent link: https://www.econbiz.de/10015052814

Bonus payments, hierarchy levels and tenure : theoretical considerations and empirical evidence

Grund, Christian; Kräkel, Matthias - 2010

Using data on executive compensation for the German chemical industry, we investigate the relevance of two theoretical approaches that focus on bonuses as part of a long term wage policy of a firm. The first approach argues that explicit bonuses serve as substitutes for implicit career concerns....

Persistent link: https://www.econbiz.de/10009155574

Skill variety, innovation and new business formation

Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - 2014

that being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates …

Persistent link: https://www.econbiz.de/10010230889

Extreme events, entrepreneurial start-ups, and innovation: theoretical conjectures

Gries, Thomas; Naudé, Wim - 2020

whether extreme events can positively impact (some) entrepreneurship and innovation. Based on this, we propose a partial …

Persistent link: https://www.econbiz.de/10012306348

Artificial intelligence, jobs, inequality and productivity : does aggregate demand matter?

Gries, Thomas; Naudé, Wim - 2018

Rapid technological progress in artificial intelligence (AI) has been predicted to lead to mass unemployment, rising inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i) surveying the recent literature and (ii)...

Persistent link: https://www.econbiz.de/10011951702

The radical innovation investment decision refined

Bilkic, Natasa; Gries, Thomas; Naudé, Wim - 2013

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain … attractive for private entrepreneurs. -- radical innovation ; innovation ; entrepreneurship ; investment ; R&D ; risk ; real …

Persistent link: https://www.econbiz.de/10009729702

Age structure of the workforce and firm performance

Grund, Christian (contributor); … - 2005

In this contribution, we examine the interrelation between corporate age structures and firm performance. In particular, we address the issues, whether firms with young rather than older employees are successful and whether firms with homogeneous or heterogeneous workforces are doing well....

Persistent link: https://www.econbiz.de/10003158653