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We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...
Persistent link: https://www.econbiz.de/10003941532
addition to income, as dimensions of multidimensional well-being in Germany. Our analysis shows that more than half of the …
Persistent link: https://www.econbiz.de/10003944260
We develop a model of manager-employee relationships where employees care more for their manager when they are more convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways: by offering a generous wage and by giving attention....
Persistent link: https://www.econbiz.de/10003778476
In this paper, we examine the determinants of decision-making power by children and young adolescents. Moving beyond previous economic models that treat children as goods consumed by adults rather than agents, we develop a noncooperative model of parental control of child behavior and child...
Persistent link: https://www.econbiz.de/10003586550
of incentives between serving the client and earning commissions, a dilemma about fiduciary responsibility to a client …
Persistent link: https://www.econbiz.de/10009310158
We derive a natural definition of responsibility in a formal model where employees care for their career prospects: A … are equilibria where either a single agent or no agent is responsible for a task but joint responsibility never arises …
Persistent link: https://www.econbiz.de/10002525280
In less developed countries the state does not extends its legality homogenously. A share of the population suffers its absence or its illegal presence. In this article we argue that such irregular state intervention has more negative consequences that previously thought. Individuals who suffer...
Persistent link: https://www.econbiz.de/10012033462
and how far the interests of the marginalized poor are undermined by the dominant elite consisting mainly of the landed … and the capitalists. We distinguish the dominant elite from the minority elite (i.e., elected women and low caste … education while presence of capitalist elite, as reflected in greater degree of industrialisation enhances it, even in poorer …
Persistent link: https://www.econbiz.de/10003758959
elite dominance that discriminates against the minority groups of people and systematically under-invests in mass education …. We experiment with various indirect economic and political measures of elite dominance. Results based on the Indian state …
Persistent link: https://www.econbiz.de/10003607527
State merit aid programs have been found to reduce the likelihood that students attend college out-of-state. Using the U.S. News & World Report rankings of colleges and universities to measure college quality and Integrated Postsecondary Education Data System data to measure enrollment, we...
Persistent link: https://www.econbiz.de/10011346588