Showing 1 - 10 of 140
This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...
Persistent link: https://www.econbiz.de/10013137519
This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we … mitigated by pay-for-performance incentives for managers who decide upon promotion. Second, we analyze matched employer …
Persistent link: https://www.econbiz.de/10013128837
Conventional wisdom suggests that an increase in monetary incentives should induce agents to exert higher effort. In … with positive externalities between agents, incentive reversal might occur: an increase in monetary incentives (either …
Persistent link: https://www.econbiz.de/10013129921
We develop a model of job search and use it to assess the effects that the Brazilian unemployment benefit system has on exit rates from unemployment. In our setup, unemployed workers receive job offers from the formal and informal sectors and decide whether to accept them or wait. Only jobs in...
Persistent link: https://www.econbiz.de/10013130452
A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...
Persistent link: https://www.econbiz.de/10013130785
We present evidence on social incentives in the workplace, namely on whether workers' behavior is affected by the … are paid piece rates based on individual productivity, social incentives can be quantified in monetary terms and are such … productivity by 10%. The distribution of worker ability is such that the net effect of social incentives on the firm's aggregate …
Persistent link: https://www.econbiz.de/10013134643
endogenized. We show that graduate taxes reduce work incentives but provide incentives to improve teaching quality. Yet if tax …
Persistent link: https://www.econbiz.de/10013135633
This paper studies the interplay between economic incentives and social norms in firms. We introduce a general … also show how social norms can induce multiplicity of equilibria and how steeper economic incentives can reduce effort …
Persistent link: https://www.econbiz.de/10013136669
We report the first results for Korean firms on the incidence, diffusion, scope and effects of diverse employee financial participation schemes, such as Profit Sharing Plans (PSPs), Employee Stock Ownership Plans (ESOPs), Stock Option Plans (SOPs) and Team Incentive Plans (TIPs). In do doing, we...
Persistent link: https://www.econbiz.de/10013139059
There is no robust empirical support for the effect of financial incentives on the decision to work in self …
Persistent link: https://www.econbiz.de/10013117620