Narrow search
Showing 1 - 10 of 6,729
Cover Image
Bonus Culture : Competitive Pay, Screening, and Multitasking
Bénabou, Roland - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10013083622
Cover Image
The Dynamic Effects of Educational Accountability
Macartney, Hugh - 2014
This paper provides the first evidence that value-added education accountability schemes induce dynamic distortions. Extending earlier dynamic moral hazard models, I propose a new test for ratchet effects, showing that classroom inputs are distorted less when schools face a shorter horizon over...
Persistent link: https://www.econbiz.de/10013058252
Cover Image
Moral Hazard vs. Liquidity and Optimal Unemployment Insurance
Chetty, Raj - 2010
This paper presents new evidence on why unemployment insurance (UI) benefits affect search behavior and develops a … unemployment durations caused by UI benefits is due to a quot;liquidity effectquot; rather than distortions in marginal incentives …
Persistent link: https://www.econbiz.de/10012759356
Cover Image
Should Unemployment Insurance Vary with the Unemployment Rate? Theory and Evidence
Kroft, Kory; Notowidigdo, Matthew - 2021
We study how the level of unemployment insurance (UI) benefits that trades off the consumption smoothing benefit with … moral hazard cost is procyclical, greater when the unemployment rate is relatively low. By contrast, our evidence suggests … standard deviation increase in the unemployment rate leads to a roughly 14 to 27 percentage point increase in the welfare …
Persistent link: https://www.econbiz.de/10013225016
Cover Image
Reducing Moral Hazard in Employment Relationships : Experimental Evidence on Managerial Control and Performance Pay
Kirabo Jackson, C. - 2013
Moral hazard is endemic to employment relationships and firms often use performance pay and managerial control to address this problem. While performance pay has received much empirical attention, managerial control has not. We analyze data from a managerial-control field experiment in which an...
Persistent link: https://www.econbiz.de/10013072870
Cover Image
Motivating Effort in Contributing to Public Goods Inside Organizations : Field Experimental Evidence
Blasco, Andrea - 2016
We investigate the factors driving workers' decisions to generate public goods inside an organization through a randomized solicitation of workplace improvement proposals in a medical center with 1200 employees. We find that pecuniary incentives, such as winning a prize, generate a threefold...
Persistent link: https://www.econbiz.de/10012993841
Cover Image
Why Do Unemployment Benefits Raise Unemployment Durations? Moral Hazard vs. Liquidity
Chetty, Raj - 2010
It is well known that unemployment benefits raise unemployment durations. This result has traditionally been … hazard. This paper questions this interpretation by showing that unemployment benefits can also affect durations through an … proxies such as asset holdings. I find that increases in unemployment benefits have small effects on durations in the …
Persistent link: https://www.econbiz.de/10012761906
Cover Image
Why Do Unemployment Benefits Raise Unemployment Durations? Moral Hazard vs. Liquidity
Chetty, Raj - 2010
It is well known that unemployment benefits raise unemployment durations. This result has traditionally been … hazard. This paper questions this interpretation by showing that unemployment benefits can also affect durations through an … proxies such as asset holdings. I find that increases in unemployment benefits have small effects on durations in the …
Persistent link: https://www.econbiz.de/10014060100
Cover Image
Achievement Effects of Individual Performance Incentives in a Teacher Merit Pay Tournament
O’Rourke, Margaret - 2015
This paper estimates the effect of the individual incentives teachers face in a teacher-based value-added merit pay tournament on student achievement. We first build an illustrative model in which teachers use proximity to an award threshold to update their information about their own ability,...
Persistent link: https://www.econbiz.de/10013014659
Cover Image
Institutions and Contract Enforcement
Falk, Armin - 2010
We provide evidence on how two important types of institutions -- dismissal barriers, and bonus pay -- affect contract enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a strong negative impact on worker performance, and...
Persistent link: https://www.econbiz.de/10012759359