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Performance and risk taking under threat of elimination
Adams, Nathan R.; Waddell, Glen R. - 2017
We revisit the incentive effects of elimination tournaments with a fresh approach to identification, the results of which strongly support that performance improves under the threat of elimination and does so, but only in part, due to increases in risk taking. Where we can separately identify...
Persistent link: https://www.econbiz.de/10011731884
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Construction contracts (or : "how to get the right building at the right price?")
Chakravarty, Surajeet (contributor);  … - 2006
example of how markets, as opposed to private negotiations, can be used to determine efficient contract terms. -- law and … economics ; incomplete contracts ; construction ; agency theory ; industry studies ; outsourcing ; procurement …
Persistent link: https://www.econbiz.de/10003323165
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United but (un-)equal : human capital, probability of divorce and the marriage contract
Cremer, Helmuth; Pestieau, Pierre; Roeder, Kerstin - 2012
) use of marriage is affected by the possibility of divorce. -- post-marital education ; marriage contract ; divorce …
Persistent link: https://www.econbiz.de/10009674949
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Zero-hours contracts in a frictional labor market
Dolado, Juan J.; Lalé, Etienne; Turon, Hélène - 2021
We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) - a contract that exempts employers from the …
Persistent link: https://www.econbiz.de/10012803713
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Exit, voice or loyalty? : an investigation into mandated portability of front-loaded private health plans
Atal, Juan Pablo; Fang, Hanming; Karlsson, Martin; … - 2017
We study theoretically and empirically how consumers in an individual private longterm health insurance market with front-loaded contracts respond to newly mandated portability requirements of their old-age provisions. To foster competition, effective 2009, the German legislature made the...
Persistent link: https://www.econbiz.de/10011703964
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Zero hours contracts and their growth
Farina, Egidio; Green, Colin; McVicar, Duncan - 2019
This paper studies the prevalence and nature of zero-hours contracts (ZHCs) in the UK labour market. The headline count of ZHC workers based on the Labour Force Survey has long underestimated and continues to underestimate the number of workers in ZHC or ZHC-like jobs. ZHC jobs and workers are...
Persistent link: https://www.econbiz.de/10012001423
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Managers' risk preferences and firm training investments
Caliendo, Marco; Cobb-Clark, Deborah A.; Pfeifer, Harald; … - 2022
We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive. Risk-averse managers are expected to select...
Persistent link: https://www.econbiz.de/10012820689
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Portfolio allocation, income uncertainty and households' flight from risk
Brown, Sarah; Gray, Daniel; Harris, Mark N.; Spencer, … - 2016
Analysing the US Panel Study of Income Dynamics, we present a new empirical method to investigate the extent to which households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach - termed a deflated fractional ordered probit model -...
Persistent link: https://www.econbiz.de/10011594575
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Willingness to take risk : the role of risk conception and optimism
Dohmen, Thomas; Quercia, Simone; Willrodt, Jana - 2018
We show that the disposition to focus on favorable or unfavorable outcomes of risky situations affects willingness to take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is strongly associated with optimism, a stable facet of...
Persistent link: https://www.econbiz.de/10011880595
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Wage-hours contracts, overtime working and premium pay
Hart, Robert A. (contributor); Ma, Yue (contributor) - 2008
This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime … premium pay. We expand on the wage contract literature that emphasises the role of firm-specific human capital and that … explores problems of contract efficiency in the face of information asymmetries between the firm and the worker. We first …
Persistent link: https://www.econbiz.de/10003771694