Showing 1 - 10 of 1,468
There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity … parsimoniously model and characterize heterogeneity across several dimensions of social preferences while still being able to predict …
Persistent link: https://www.econbiz.de/10011931780
duration dependence in unemployment benefits in a random on the job search model featuring two-sided heterogeneity. General …
Persistent link: https://www.econbiz.de/10010282170
complete functional form for duration spells, but allows flexibility by introducing an individual heterogeneity term, which … surrounding the heterogeneity distribution. …
Persistent link: https://www.econbiz.de/10010276176
This paper examines the relationship between firms? wage offers and workers? supply of effort using a three-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero, while third period productivity is zero and wages are...
Persistent link: https://www.econbiz.de/10010261943
incentives as well as the puzzling incompleteness of many economic contracts. …
Persistent link: https://www.econbiz.de/10010261958
reasonably approximate real-life decision makers? behavior. Testing this theory with field data is difficult since typically …
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
of the typical American firm. Variable pay is usually touted as a way to provide incentives to managers whose interests …
Persistent link: https://www.econbiz.de/10010262719
During the last two decades economists have made much progress in understanding incentives, contracts and organisations … effects of incentives. Economists may fail to understand the levels and the changes in behaviour if they neglect motives like … the desire to reciprocate or the desire to avoid social disapproval. We show that monetary incentives may backfire and …
Persistent link: https://www.econbiz.de/10010262734
data. Factors emphasized in the economic theory of agency, notably risk aversion, also shape pay policies but these factors …
Persistent link: https://www.econbiz.de/10010267317