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Standard economic models which focus on pecuniary payoffs cannot explain why there are highly able individuals who choose careers with low pecuniary returns. Therefore, financial incentives are unlikely to be effective in influencing career choices of these individuals. Based on Akerlof and...
Persistent link: https://www.econbiz.de/10010268181
The Peter Principle states that, after a promotion, the observed output of promoted employees tends to fall. Lazear (2004) models this principle as resulting from a regression to the mean of the transitory component of ability. Our experiment reproduces this model in the laboratory by means of...
Persistent link: https://www.econbiz.de/10010277006
Our goal in this paper is to focus on highly educated men and women and try to explore the trade-offs between family and working career in Spain, where changes in female behavior with respect to the labor market have been relatively recent but rather important. We compare male and female...
Persistent link: https://www.econbiz.de/10010289972
This paper investigates earnings differentials between immigrants and natives. We focus on returns and on the (imperfect) international transferability of human capital. Data are drawn from the 2009 Italian Labour Force Survey (LFS). We show that returns to human capital are considerably lower...
Persistent link: https://www.econbiz.de/10010282538
on promotions among male blue-collar workers. More than twenty years of personnel data of four entry cohorts in a German … company allow us to address issues such as unobserved heterogeneity and the length of potential training effects. Our main …
Persistent link: https://www.econbiz.de/10010278338
Important gender differences in earnings and career trajectories persist. Particularly, in professions such as business. Gender differences in competitiveness have been proposed as a potential explanation. Using an incentivized measure of competitiveness, this paper investigates whether...
Persistent link: https://www.econbiz.de/10011401709
manufacturer Fokker during the period January 1, 1987, the day the company started with their electronic personnel filing system …The research area of the new economics of personnel has a short but important and insightful history. Theory ahead of …, we compare results from the existing literature with the outcomes from analyzing personnel data of the Dutch aircraft …
Persistent link: https://www.econbiz.de/10010261588
We experimentally investigate a simple version of Holmström?s career concerns model in which firms compete for agents in two consecutive periods. Profits of firms are determined by agents? unknown ability and the effort they choose. Before making second-period wage offers firms are informed...
Persistent link: https://www.econbiz.de/10010261580
We formulate an empirical model of promotion with dynamic self-selection where the current promotion probability depends on the hierarchical level in the firm, individual human capital, unobserved (to the econometrician) individual specific attributes, time varying firm specific variables (firm...
Persistent link: https://www.econbiz.de/10010261773
The promotion tournament as a potentially important incentive mechanism for top management in transition economies has …
Persistent link: https://www.econbiz.de/10010268884