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Feedback and incentives : experimental evidence

Eriksson, Tor (contributor); Poulsen, Anders (contributor); … - 2008

This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through … off. Moreover, in both pay schemes information feedback reduces the quality of the low performers' work. -- Performance …

Persistent link: https://www.econbiz.de/10003688788

Management compensation and the economic crisis : longitudinal evidence from the German chemical sector

Grund, Christian; Hofmann, Tanja - 2013

Making use of unique balanced panel data for the German chemical sector from the years 2008 to 2011, we explore the extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards. Carrying out longitudinal analyses, we find that, on...

Persistent link: https://www.econbiz.de/10009754706

Career interruptions and current earnings : the role of interruption type, compensation component, and gender

Gerst, Benedikt; Grund, Christian - 2017

This study examines how career interruptions and subsequent wages of employees are related. Using individual panel data of middle managers from the German chemical sector, we are able to differentiate between different reasons for interruptions as well as between various compensation components....

Persistent link: https://www.econbiz.de/10011641615

Performance pay and within-firm wage inequality

Barth, Erling; Bratsberg, Bernt; Haegeland, Torbjørn; … - 2009

This paper examines the impact of performance-related pay on wage differentials within firms. Our theoretical framework predicts that, compared to a fixed pay system, pay schemes based on individual output increase within-firm wage inequality, while group-based bonuses have minor effects on wage...

Persistent link: https://www.econbiz.de/10003831899

Gender pay gaps among highly educated professionals : compensation components do matter

Grund, Christian - 2014

Making use of panel data from a survey of highly educated professionals, gender pay gaps are explored with regard to total compensation as well as to individual compensation components. The results indicate meaningful male-female wage differentials for this quite homogeneous group of people...

Persistent link: https://www.econbiz.de/10010345123

Self-selection and the efficiency of tournaments

Eriksson, Tor (contributor); Teyssier, Sabrina (contributor) - 2006

When exogenously imposed, rank-order tournaments have incentive properties but their overall efficiency is reduced by a high variance in performance (Bull, Schotter, and Weigelt 1987). However, since the efficiency of performance-related pay is attributable both to its incentive effect and to...

Persistent link: https://www.econbiz.de/10003283430

The dispersion of bonus payments within and between firms

Grund, Christian; Hofmann, Tanja - 2017

We explore the dispersion of bonus payments of managers within and between five large firms from the German chemical sector. We use data from a yearly salary survey in these firms during the observation period 2008 to 2013. Bonus payments account for 20 percent of base salaries on average. Both...

Persistent link: https://www.econbiz.de/10011631539

The wage policy of firms : comparative evidence for the US and Germany from personnel data

Grund, Christian - 2002

The wage policy of a German and a U.S. firm is comparatively analysed with a focus on the relation between wages and hierarchies. While prior studies examine only one particular firm, in this paper two plants of the same owners with similar production processes in different institutional...

Persistent link: https://www.econbiz.de/10011414006

Gender-specific duration of parental leave and current earnings

Gerst, Benedikt; Grund, Christian - 2020

Although male employees are increasingly making use of parental leave, gender differences in both usage and duration of parental leave are still prevalent. In this contribution, we explore the role of gender for the relation between the incidence/duration of parental leave and earnings after...

Persistent link: https://www.econbiz.de/10012210767

Competing on the holodeck : the effect of virtual peers and heterogeneity in dynamic tournaments

Graff, Jan Frederik; Grund, Christian; Harbring, Christine - 2018

We propose experiments in virtual reality (VR) as a new approach to examining behavior in an economic context, e.g., heterogeneity in dynamic tournaments. We simulate a realistic working situation in a highly immersive environment. Implementing a tournament in VR, we are able to mitigate the...

Persistent link: https://www.econbiz.de/10011946765