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The Dispersion of Employees? Wage Increases and Firm Performance
Grund, Christian; Westergård-Nielsen, Niels Christian - 2004
In this contribution we examine the interrelation between intra-firm wage increases and firm performance. Previous studies have focused on the dispersion of wages in order to examine for the empirical dominance of positive monetary incentives effects compared to adverse effects due to fairness...
Persistent link: https://www.econbiz.de/10010277232
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Analysis of pay inequality and its impacts on growth and performance in the Korean manufacturing industry
Kim, Yunhee; Lee, Jeong-dong; Heshmati, Almas - 2008
This paper examines the relationship between pay inequality, economic growth, and performance in Korea. Pay inequality is estimated by using Theil's index to identify the factors determining the level of pay inequality, and establish its relationship with economic growth and performance. For the...
Persistent link: https://www.econbiz.de/10010268960
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Incentives and the sorting of altruistic agents into street-level bureaucracies
Buurman, Margaretha; Dur, Robert - 2008
Many street-level bureaucrats (such as caseworkers) have the dual task of helping some clients, while sanctioning others. We develop a model of such a street-level bureaucracy and study the implications of its personnel policy on the self-selection and allocation decisions of agents who differ...
Persistent link: https://www.econbiz.de/10010269193
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Unions and the Labor Market for Managers
Pischke, Jörn-Steffen; Hallock, Kevin F.; DiNardo, John - 2000
We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …
Persistent link: https://www.econbiz.de/10010262364
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Link between pay for performance incentives and physician payment mechanisms: Evidence from the diabetes management incentive in Ontario
Kantarevic, Jasmin; Kralj, Boris - 2012
Pay for performance (P4P) incentives for physicians are generally designed as additional payments that can be paired with any existing payment mechanism such as salary, fee-for-service, and capitation. However, the link between the physician response to performance incentives and the existing...
Persistent link: https://www.econbiz.de/10010282272
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How unjust! An experimental investigation of supervisors' evaluation errors and agents' incentives
Marchegiani, Lucia; Reggiani, Tommaso; Rizzolli, Matteo - 2011
In our simple model the supervisor: i) cannot observe the agent's effort; ii) aims at inducing the agent to exert high effort; but iii) can only offer rewards based on performance. Since performance is only stochastically related to effort, evaluation errors may occur. In particular, deserving...
Persistent link: https://www.econbiz.de/10010282338
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Other-Regarding Preferences and Performance Pay : An Experiment on Incentives and Sorting
Villeval, Marie-Claire; Eriksson, Tor - 2004
Variable pay not only creates a link between pay and performance but may also help firms in attracting the more productive employees (Lazear 1986, 2000). However, due to lack of natural data, empirical analyses of the relative importance of the selection and incentive effects of pay schemes are...
Persistent link: https://www.econbiz.de/10010261940
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Shall we kill or enslave Caesar? Analyzing the Caesar model
Jasso, Guillermina - 2008
paper presents a model of killing versus enslaving Caesar, based on a new theory which unifies justice, status, and power … of societies - justice-nonmaterialistic, status, and power-nonmaterialistic. Results cover members' gains, effects of own … killed only in a justice-nonmaterialistic society, and from the noblest of motives - to achieve equal gains for members. …
Persistent link: https://www.econbiz.de/10010268571
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The Importance of Firms in Wage Determination
Gruetter, Max; Lalive, Rafael - 2004
Firms are central to many theories of the labor market. However, the extent to which firms affect wages has only recently been explored using matched employer-employee data. This paper investigates (i) the importance of firms in explaining wage differences across individuals and industries, and...
Persistent link: https://www.econbiz.de/10010262117
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Do Co-Workers? Wages Matter? : Theory and Evidence on Wage Secrecy, Wage Compression and Effort
Charness, Gary; Kuhn, Peter - 2004
We study worker and firm behavior in an environment where worker effort could depend on co-workers? wages. Theoretically, we show that an increase in workers? ?concerns? with coworkers? wages should lead profit-maximizing firms to compress wages under quite general conditions. However, firms...
Persistent link: https://www.econbiz.de/10010262158