We present a detailed analysis of the incentives that Social Security provides for continued work at older ages. We do …

of the typical American firm. Variable pay is usually touted as a way to provide incentives to managers whose interests …

underinvestment problem. We derive comparative static predictions for the equilibrium relationships between incentives from … compensation, investment, and firm performance for both cases. The relationship between firm performance and managerial incentives … to identify whether managers have private benefits or costs, we estimate the joint relationships between incentives and …

This paper surveys the econometric evidence on the effectiveness of fiscal incentives for R&D. We describe the effects …

Despite decades of research on heuristics and biases, empirical evidence on the effect of large incentives - as present … in relevant economic decisions - on cognitive biases is scant. This paper tests the effect of incentives on four widely … incentives, standard lab payments, and very high incentives that increase the stakes by a factor of 100 to more than a monthly …