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models where, in some regions, workers reduce effort in response to higher wages, but differs in that firms never operate in … performance related pay (PRP) flattens the pay-tenure profile. Wages and effort increase over the lifecycle, both with and without …
Persistent link: https://www.econbiz.de/10013127310
within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …
Persistent link: https://www.econbiz.de/10013080155
According to the standard principal-agent model, the optimal composition of pay should balance the provision of incentives with the individual demand for insurance. Do income taxes alter this balance? We show that the relative share of PRP on total pay is reduced by higher average taxes, and is...
Persistent link: https://www.econbiz.de/10013317537
We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply and job mobility. Across education groups permanent shocks to productivity have become more dispersed. Moreover, heterogeneity in pay across offered jobs has increased for...
Persistent link: https://www.econbiz.de/10012966057
of in-work benefits on search intensity, participation, employment, and unemployment, compared to a framework in which … wages are fixed. We also account for the financing of these benefits and determine the level of benefits necessary to …
Persistent link: https://www.econbiz.de/10013130454
its strength and weakness, discuss its connections with theory, and draw out potential policy implications of its findings …
Persistent link: https://www.econbiz.de/10012997459
We derive a sufficient statistics optimal tax formula in a general model that incorporates unemployment and endogenous … wages, to study the shape of the tax and transfer system at the bottom of the distribution. The sufficient statistics are … resembles a Negative Income Tax than an Earned Income Tax Credit relative to the case where unemployment and wage responses are …
Persistent link: https://www.econbiz.de/10012999019
The general-equilibrium effects of performance-related teacher pay include long-term incentive and teacher-sorting mechanisms that usually elude experimental studies but are captured in cross-country comparisons. Combining country-level performance-pay measures with rich PISA-2003 international...
Persistent link: https://www.econbiz.de/10013139508
Using nationally representative linked employer-employee data we find one-quarter of employees in Britain are paid for performance. The log hourly wage gap between performance pay and fixed pay employees is .36 points. This falls to .15 log points after controlling for observable demographic,...
Persistent link: https://www.econbiz.de/10013049717
, but are rewarded favourably by increasing the volume of tuition fees. There is some support for 'tournament theory' as an …
Persistent link: https://www.econbiz.de/10013324757