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Firms regularly use incentives to motivate their employees to be more productive. However, often little attention is paid to the language used in employment contracts to describe these incentives. It may be more effective to present incentives as entitlements that can be lost by failing to reach...
Persistent link: https://www.econbiz.de/10011573624
Higher labor costs (higher wage rates and employee benefits) make workers better off, but they can reduce companies' profits, the number of jobs, and the hours each person works. Overtime pay, hiring subsidies, the minimum wage, and payroll taxes are just a few of the policies that affect labor...
Persistent link: https://www.econbiz.de/10011404826
How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives—"Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and observational...
Persistent link: https://www.econbiz.de/10011404832
Survey and register data indicate that many employees prefer a socially responsible employer and will accept a lower wage to achieve this. Laboratory experiments support the hypothesis that socially responsible groups are more productive than others, partly because they attract cooperative...
Persistent link: https://www.econbiz.de/10011404840
It is not difficult to find statistics showing that teenage childbearing is associated with poor labor market outcomes, but why is this the case? Does having a child as a teenager genuinely affect a woman’s economic potential—or is it simply a marker of problems she might already be facing...
Persistent link: https://www.econbiz.de/10011404850
successfully to raise worker wages, income inequality would almost certainly be higher than it is. …
Persistent link: https://www.econbiz.de/10011404852
people, particularly women, are less likely to be employed and, when employed, are likely to earn lower wages. There is some …
Persistent link: https://www.econbiz.de/10011404854
the quality of the work found by the unemployed. This quality rise, in terms of both wages and duration, can be achieved …
Persistent link: https://www.econbiz.de/10011404864
Politicians, the media, and the public express concern that immigrants depress wages by competing with native workers … countries have found no effect on wages, on average, and only modest effects on wage differentials between more and less … educated immigrant and native workers. Native workers’ wages have been insulated by differences in skills, adjustments in local …
Persistent link: https://www.econbiz.de/10011404869
larger, more productive, and pay higher wages than other firms in the same industry. Positive performance effects of engaging …
Persistent link: https://www.econbiz.de/10011404871