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Bonus culture : competitive pay, screening, and multitasking

Bénabou, Roland; Tirole, Jean - 2013

This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...

Persistent link: https://www.econbiz.de/10009729417

Optimal incentive contracts under inequity aversion

Englmaier, Florian (contributor); Wambach, Achim (contributor) - 2005

We analyze the Moral Hazard problem, assuming that agents are inequity averse. Our results differ from conventional contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters the structure of optimal contracts. Second, there is a...

Persistent link: https://www.econbiz.de/10003011503

Information and competition entry

Ewers, Mara - 2012

This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …

Persistent link: https://www.econbiz.de/10009534049

The effects of occupational knowledge : job information centers, educational choices, and labor market outcomes

Saniter, Nils Peter (contributor); … - 2014

outcomes. We proxy occupational knowledge with mandatory visits to job information centers (JICs) in Germany while still … the comprehensive information service when they were young. The results suggest that individuals, who went to school in …

Persistent link: https://www.econbiz.de/10010342371

Hidden action, identification, and organization design

Schnedler, Wendelin - 2010

Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...

Persistent link: https://www.econbiz.de/10009303451

Base salaries, bonus payments, and work absence among managers in a German company

Pfeifer, Christian - 2012

Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...

Persistent link: https://www.econbiz.de/10009681440

Can higher bonuses lead to less effort? : incentive reversal in teams

Klor, Esteban F.; Kube, Sebastian; Winter, Eyal; … - 2011

Conventional wisdom suggests that an increase in monetary incentives should induce agents to exert higher effort. In this paper, however, we demonstrate that this may not hold in team settings. In the context of sequential team production with positive externalities between agents, incentive...

Persistent link: https://www.econbiz.de/10009230143

Treating equals unequally : incentives in teams, workers' motivation and production technology

Goerg, Sebastian J.; Kube, Sebastian; Zultan, Ro'i - 2009

The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...

Persistent link: https://www.econbiz.de/10003800929

The adverse consequences of tournaments : evidence from a field experiment

De Paola, Maria; Gioia, Francesca; Scoppa, Vincenzo - 2016

We run a field experiment to investigate whether competing in rank-order tournaments with different prize spreads affects individual performance. Our experiment involved students from an Italian University who took an intermediate exam in which one part was awarded on the basis of their relative...

Persistent link: https://www.econbiz.de/10011455813

Zika virus prevalence, correlates and preventive behaviors : new evidence from survey data

Carvalho Júnior, José Raimundo de Araújo; Silva, … - 2017

Brazilian health authorities have recommended that pregnant women take meticulous precaution to avoid mosquito bites, and use contraceptive methods to postpone/delay pregnancies. In this article, we present new estimates on the Zika virus prevalence, its correlates and preventive behaviors in...

Persistent link: https://www.econbiz.de/10011621433