Showing 1 - 10 of 31
In this paper six authors propose guidelines for German labor market policy, to overcome current discouragement and lead to a new balance of social security and individual competetiveness. Crucial aspects in this regard should be a reformed tax system based on excise instead of income taxes, and...
Persistent link: https://www.econbiz.de/10011294519
Restrictions on work hours are more important in countries with a large welfare state. We show that this empirical observation is consistent with the strategic effects of such restrictions in a welfare state in the context of optimal direct taxation in the tradition of Mirrlees (1971). Our...
Persistent link: https://www.econbiz.de/10002706037
Working memory capacity is thought to play an important role for a wide range of cognitive and noncognitive skills such as fluid intelligence, math, reading, the inhibition of pre-potent impulses or more general self-regulation abilities. Because these abilities substantially affect individuals'...
Persistent link: https://www.econbiz.de/10012236361
concerns on economic outcomes. We also review evidence from laboratory and field experiments examining the role of wages and … fairness on effort, derive predictions from our approach for entry-level wages and incumbent workers' wages, confront these … of economic policies such as minimum wage laws. -- Fairness ; contracts ; wages ; effort ; experiments …
Persistent link: https://www.econbiz.de/10003793473
depends on the wages paid to coworkers. Workers were assigned to teams of two, performed identical individual tasks, and … received the same performance - independent hourly wage. Cutting both team members' wages caused a substantial decrease in … twice as large as the individual performance decrease when both workers' wages were cut. This finding indicates that social …
Persistent link: https://www.econbiz.de/10009233076
Persistent link: https://www.econbiz.de/10001896216
In this paper we show that subtle forms of deceit undermine the effectiveness of incentives. We design an experiment in which the principal has an interest in underreporting the true performance difference between the agents in a dynamic tournament. According to the standard approach, rational...
Persistent link: https://www.econbiz.de/10003646717
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10003793375
The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...
Persistent link: https://www.econbiz.de/10003884085
Money illusion means that people behave differently when the same objective situation is represented in nominal terms rather than in real terms. This paper shows that seemingly innocuous differences in payoff representation cause pronounced differences in nominal price inertia indicating the...
Persistent link: https://www.econbiz.de/10011336869