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Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10011449662
This paper examines the effect of the replacement rule of the Finnish sickness insurance system on the duration of sickness absence. A pre-determined, piecewise linear policy rule in which the replacement rate is determined by past earnings allows identification of the effect using a regression...
Persistent link: https://www.econbiz.de/10010358769
financial incentives in attracting a larger and more qualified pool of applicants, (ii) the elasticity of the labor supply …
Persistent link: https://www.econbiz.de/10009549679
This paper investigates the impact of financial incentives on early retirement behaviour for high and low wage earners … wage earners are, as predicted by the model, more sensitive to financial incentives. This implies that low wage earners …
Persistent link: https://www.econbiz.de/10010408889
Drawing on principal-agent perspectives on corporate governance, this paper examines whether employees' hourly pay is linked to ownership dispersion. Using linked workplace-worker data from the British Workplace Employment Relations Survey (WERS) 2011, we find average hourly pay is higher in...
Persistent link: https://www.econbiz.de/10011307884
multiple tasks. We first analyze a formal model showing that incentives are lower powered when supervisors have no access to … span of control is larger and incentives are distorted towards more profitable tasks. We then investigate a field …
Persistent link: https://www.econbiz.de/10011871952
that show, in a very general setting, that the choice between work effort and leisure under given linear incentives depends …
Persistent link: https://www.econbiz.de/10011612830
crowding out due to low-powered incentives. High-powered incentives in the workplace tend to increase output, but it is unknown … also extends to high-powered incentives, in a real work setting with paid workers. There is individual heterogeneity …
Persistent link: https://www.econbiz.de/10011946785
We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated …). Agents differ in their motivation to exert social effort. Our model predicts that lowering incentives for selfish effort in … prediction in a lab experiment allowing us to cleanly separate the selection effect from other effects of low incentives. Results …
Persistent link: https://www.econbiz.de/10012596233
enterprise performance and survival. We argue that financial incentives can address this problem by redirecting employee … varying incentive levels, monetary rewards succeed in directing worker effort to commercial tasks; high-powered incentives … attract less prosocial employees, but low-powered incentives do not alter workforce composition. Social enterprises combining …
Persistent link: https://www.econbiz.de/10013454823