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The Effect of Pollution and Heat on High Skill Public Sector Worker Productivity in China
Kahn, Matthew E. - 2019
The quality of governance depends on public sector worker productivity. We use micro data from China to document that judges are less productive on polluted days. Building on the insights of Alchian and Kessel (1962), we discuss the role of organization design and the incentives of public versus...
Persistent link: https://www.econbiz.de/10012891775
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Allocating Effort and Talent in Professional Labor Markets
Barlevy, Gadi - 2017
In many professional service firms, new associates work long hours while competing in up-or-out promotion contests. Our model explores why these firms require young professionals to take on heavy workloads while simultaneously facing significant risks of dismissal. We argue that the productivity...
Persistent link: https://www.econbiz.de/10012947665
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Anatomy of a Contract Change
Jayaraman, Rajshri - 2014
We study a contract change for tea pluckers on an Indian plantation, with a higher government-stipulated baseline wage. Incentive piece rates were lowered or kept unchanged. Yet, in the following month, output increased by 20–80%. This response contradicts the standard model and several...
Persistent link: https://www.econbiz.de/10013060254
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Incentives, Selection and Productivity in Labor Markets : Evidence from Rural Malawi
Guiteras, Raymond P. - 2014
An observed positive relationship between compensation and productivity cannot distinguish between two channels: (1) an incentive effect and (2) worker selection. We use a simplified Becker-DeGroot-Marschak mechanism, which provides random variation in piece rates conditional on revealed...
Persistent link: https://www.econbiz.de/10013060678
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The Impact of Deregulation on the Employment and Wages of Airline Mechanics
Card, David - 2021
in the scheduled airline industry. Firm-specific data for the incumbent trunk airlines show relatively small changes in …
Persistent link: https://www.econbiz.de/10013218973
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Killer Incentives : Status Competition and Pilot Performance During World War Ii
Ager, Philipp - 2017
A growing theoretical and empirical literature shows that public recognition can lead employees to exert greater effort. However, status competition is also associated with excessive expenditure on status goods, greater likelihood of bankruptcy, and more risk taking by money managers. This paper...
Persistent link: https://www.econbiz.de/10012966607
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Deregulation and Labor Earnings in the Airline Industry
Card, David - 2022
This paper uses a variety of data sources to study the effect of deregulation on the structure of wages in the airline … industry. Microdata from the 1980 and 1990 Censuses show a 10 percent decline in the relative earnings of airline workers after …, data from the displaced worker surveys reveal that airline workers experienced similar wage losses to job-losers from other …
Persistent link: https://www.econbiz.de/10013308329
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On the Persistent Financial Losses of U.S. Airlines : A Preliminary Exploration
Borenstein, Severin - 2011
last decade. More than 30 years after domestic airline markets were deregulated, the dismal financial record is a puzzle …
Persistent link: https://www.econbiz.de/10013130786
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How Do Firm Financial Conditions Affect Product Quality and Pricing?
Phillips, Gordon M. - 2011
airline industry. We consider an airline's choices of quality and price as dynamic decisions that trade off current cash flows … for future revenue. We examine how airline mishandled baggage, on-time performance and pricing are related to financial … distress and bankruptcy, controlling for the endogeneity of financial distress and bankruptcy. We find that an airline …
Persistent link: https://www.econbiz.de/10013122187
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Collateral Pricing
Benmelech, Efraim - 2008
We examine how collateral affects the cost of debt capital. Theories based on borrower moral hazard and limited pledgeable income predict that collateral increases the availability of credit and reduces its price. Testing these theories is complicated by the very selection problem which they...
Persistent link: https://www.econbiz.de/10012772363