many supervisors tend to assess the employees too good (leniency bias) and that the appraisals hardly vary across employees … of a certain supervisor (centrality bias). We explain these two biases in a model with a supervisor, who has preferences … costs and inequality aversion. -- Appraisals ; inequality aversion ; performance evaluation ; centrality bias ; leniency …

studies managers who participate repeatedly in a high-powered tournament incentive system, learning relative performance each … time. Using reduced form and structural methods we find that: (i) managers make overconfident predictions about future … performance; (ii) managers have overly-positive memories of past performance; (iii) the two phenomena are linked at an individual …

We analyze the effect of CEO pay disclosure on wage distribution by exploiting a 1998 reform requiring Italian publicly …

interest in increasing incentive-based compensation to avoid management's excessive risk taking and short-run oriented …

This paper studies how altruism between managers and employees affects relational incentive contracts. To this end we …

managers, coupled with bonuses based on their leadership rank among all leaders. Our intervention increased worker productivity …

earnings, gender, LGB identity, coupling status, and the disclosure of sexual orientation in English National Health Service … to heterosexuals. The latter is due to similar-sized offsetting effects from disclosure on LGB pay relative to comparable … heterosexuals. Amongst LGB employees, disclosure is associated with 13% more pay, with three quarters of this gap related to …