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While it is a stylized fact that exporting firms pay higher wages than non-exporting firms, the direction of the link between exporting and wages is less clear. Using a rich set of German linked employer-employee panel data we follow over time plants that start to export. We show that the...
Persistent link: https://www.econbiz.de/10010268599
Das durchschnittliche Rentenzugangsalter in Deutschland liegt erheblich unter der gesetzlichen Regelaltersgrenze … review of the basic economic concepts to explain retirement, this paper surveys the incentives for early exit that are set by … labor market policies and Social Security institutions. We explain the various pathways to retirement existing in Germany …
Persistent link: https://www.econbiz.de/10010262235
In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension …
Persistent link: https://www.econbiz.de/10010262550
tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest … incentive system without changing the incentive system. The results indicate that salience of incentives itself is statistically … and economically important for performance. We find that higher salience of incentives for quantity increases quantity …
Persistent link: https://www.econbiz.de/10010282221
incentives as well as the puzzling incompleteness of many economic contracts. …
Persistent link: https://www.econbiz.de/10010261958
Holmström?s (1982/99) career concerns model has become an important workhorse for the analysis of agency issues in many fields. The underlying signal jamming argument requires players to use information in a Bayesian way – which may or may not reasonably approximate real-life decision makers?...
Persistent link: https://www.econbiz.de/10010262147
subordinate then is affected by the outcome of the task and he therefore has strong incentives to contribute to its success. There …
Persistent link: https://www.econbiz.de/10010262163
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature about the first trade-off. Due to lack of...
Persistent link: https://www.econbiz.de/10010267296
When designing incentives for a manager, the trade-off between insurance and a good allocation of effort across various …
Persistent link: https://www.econbiz.de/10010268002
Consider a principal-agent relationship in which more effort by the agent raises the likelihood of success. Does rewarding success, i.e., paying a bonus, increase effort in this case? I find that bonuses have not only an incentive but also an income effect. Overall, bonuses paid for success may...
Persistent link: https://www.econbiz.de/10010268396