Showing 1 - 10 of 275
This paper introduces a new method to calculate the extent to which individuals are willing to trade money for improvements in their health status. An individual welfare function of income (WFI) is applied to calculate the compensating income variation of health impairments. We believe that this...
Persistent link: https://www.econbiz.de/10011415224
In this paper we develop a model capturing key features of the Roy model, a search model, compensating differentials, and human capital accumulation on-the-job. We establish which features of the model can be non-parametrically identified and which cannot. We estimate the model and use it to...
Persistent link: https://www.econbiz.de/10011480819
Persistent link: https://www.econbiz.de/10002239477
Courts typically base compensation for loss of income in personal injury cases on either mean or median work income …-whole (full) compensation and mean and median work incomes. Given that consumption uncertainty associated with compensation … generally exceeds that associated with work income, we show that the appropriate make-whole compensation exceeds mean (and …
Persistent link: https://www.econbiz.de/10012034365
We study the impact on student achievement of a nationwide teacher pay-for-performance program implemented in Peruvian public secondary schools in 2015. Schools compete in a tournament primarily based on 8th graders' performance in a standardized test, where the principal and teachers of the top...
Persistent link: https://www.econbiz.de/10012110294
At the 2016 Academy of Management Conference, a group of distinguished compensation researchers held a panel discussion … on the future of compensation research. Their remarks were compiled into an article published in this issue. Soon after … Lazear, Kevin J. Murphy & Canice Prendergast) doing compensation research; this article is the result. …
Persistent link: https://www.econbiz.de/10011636675
theory of social justice: the principles of compensation and reward. Ex-ante and ex-post versions of the compensation …
Persistent link: https://www.econbiz.de/10010510602
Employer-provided nonwage benefit expenditures now account for one-third of U.S. firms' labor costs. We show that a broad measure of real labor costs including such benefit expenditures has become countercyclical during 1982-2014, contrary to the conventional view that labor costs are...
Persistent link: https://www.econbiz.de/10011796363
potential for considerable subjectivity and variation. Using unique panel data, this paper provides compensation estimates that … can help reduce the subjectivity of awards by giving a benchmark for the compensation required to offset direct and … the monetary compensation required to offset the wellbeing losses. Estimates allowing for the endogeneity of income …
Persistent link: https://www.econbiz.de/10011317630
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