Showing 1 - 10 of 44
This paper introduces new nonparametric statistical methods to evaluate zero-cost investment strategies. We focus on directional trading strategies, risk-adjusted returns, and the investor's decisions under uncertainty as the core of our analysis. By relying on classification tools with a long...
Persistent link: https://www.econbiz.de/10013123682
We study how heterogeneity in performance evaluations across supervisors affects employee and supervisor careers and firm outcomes using data on the performance system of a Scandinavian service sector firm. We show that supervisors vary widely in how they rate subordinates of similar quality. To...
Persistent link: https://www.econbiz.de/10012957380
principal labor market outcomes investigates the relationship between principal labor market success and a set of performance …
Persistent link: https://www.econbiz.de/10012978098
Improving public sector workforce quality is challenging in sectors such as education where worker productivity is difficult to assess and manager incentives are muted by political and bureaucratic constraints. In this paper, we study how providing improved information to principals about...
Persistent link: https://www.econbiz.de/10012979766
-promotion opportunities, this self-promotion gap may contribute to persistent gender gaps in education and labor market outcomes …
Persistent link: https://www.econbiz.de/10012861731
This paper investigates employee performance appraisals using data from a single US firm between 2001 and 2007. We find that performance appraisals are both informative and drive important components of the employment contract. We find that employee appraisal scores vary considerably both...
Persistent link: https://www.econbiz.de/10012987125
We introduce a general Principal-Agent model with subjective evaluation and malfeasance characterized by two-sided asymmetric information on performance that allows for an arbitrary information structure. Two generic contract forms are studied. An authority contract has the Principal reveal his...
Persistent link: https://www.econbiz.de/10012994910
The Truckers and Turnover Project is a statistical case study of a single firm and its employees which matches proprietary personnel and operational data to new data collected by the researchers to create a two-year panel study of a large subset of new hires. The project's most distinctive...
Persistent link: https://www.econbiz.de/10012746680
Using a randomized experiment with an automobile manufacturing firm in China, we measure the effects of letting workers evaluate their managers on worker and firm outcomes. In the treatment teams, workers evaluate their supervisors monthly. We find that providing feedback leads to significant...
Persistent link: https://www.econbiz.de/10013300787
. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital … income may be non-zero, reversing the standard prediction of the Ramsey tax literature. The zero labor tax is an optimal long … sovereign debt constraints. The front loading of labor taxes allows the economy to build a large (aggregate) debt position in …
Persistent link: https://www.econbiz.de/10013120194