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On the Role of Learning, Human Capital, and Performance Incentives for Wages
Camargo, Braz; Lange, Fabian; Pastorino, Elena - National Bureau of Economic Research - 2022
Performance pay in general amounts to only a small fraction of total pay. In this paper, we show that performance pay is nevertheless important for the level and dynamics of wages over the life cycle because of the incentives it indirectly provides for human capital acquisition and because of...
Persistent link: https://www.econbiz.de/10013334409
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Bonus Question : Does Flexible Incentive Pay Dampen Unemployment Dynamics?
Gaur, Meghana; Grigsby, John R.; Hazell, Jonathon; … - National Bureau of Economic Research - 2023
We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first-order equivalent in an economy with flexible incentive pay and...
Persistent link: https://www.econbiz.de/10014372479
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Labor Market Matching, Wages, and Amenities
Lamadon, Thibaut; Lise, Jeremy; Meghir, Costas; Robin, … - National Bureau of Economic Research - 2024
This paper develops the nonparametric identification of models with production complementarities, worker-firm specific disutility of labor and search frictions. Mobility in the model is subject to preference shocks, and we assume that firms can write wage contracts. We develop a constructive...
Persistent link: https://www.econbiz.de/10014635650
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The Impact of Unions on Wages in the Public Sector : Evidence from Higher Education
Baker, Michael; Halberstam, Yosh; Kroft, Kory; Mas, … - National Bureau of Economic Research - 2024
We study the effects of the unionization of faculty at Canadian universities from 1970-2022 using an event-study design. Using administrative data which covers the full universe of faculty salaries, we find strong evidence that unionization leads to both average salary gains and compression of...
Persistent link: https://www.econbiz.de/10014512131
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The Independent Contractor Workforce : New Evidence On Its Size and Composition and Ways to Improve Its Measurement in Household Surveys
Abraham, Katharine G.; Hershbein, Brad; Houseman, Susan N. - National Bureau of Economic Research - 2023
Good data on the size and composition of the independent contractor workforce are elusive, with household survey and administrative tax data often disagreeing on levels and trends. We carried out a series of focus groups to learn how self-employed independent contractors speak about their work....
Persistent link: https://www.econbiz.de/10014247917
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Screening with Multitasking
Dinerstein, Michael; Opper, Isaac M. - National Bureau of Economic Research - 2022
preferences over output are similar. We then assess these predictions empirically by studying a change to teacher tenure policy in … New York City, which increased the role that a single measure -- test score value-added -- played in tenure decisions. We … tenure decision. The increase in test score value-added was largest for the teachers with more ability to improve students …
Persistent link: https://www.econbiz.de/10013334527
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The Evolution of Platform Gig Work, 2012-2021
Garin, Andrew; Jackson, Emilie; Koustas, Dmitri; … - National Bureau of Economic Research - 2023
We document the dynamics of tax-based measures of work mediated by online platforms from 2012 through 2021. We present a measurement framework to account for high reporting thresholds on some information returns using returns from states with lower reporting thresholds to provide a more complete...
Persistent link: https://www.econbiz.de/10014287374
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New Gig Work or Changes in Reporting? Understanding Self-Employment Trends in Tax Data
Garin, Andrew; Jackson, Emilie; Koustas, Dmitri - National Bureau of Economic Research - 2024
Rising self-employment rates in U.S. tax data that are absent in survey data have led to speculation that tax records capture a rise in new "gig" work that surveys miss. Drawing on the universe of IRS tax returns, we show that trends in firm-reported payments to "gig" and other contract workers...
Persistent link: https://www.econbiz.de/10014528407
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Moral Hazard and Unemployment in Competitive Equilibrium
Rey, Patrick; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024
Principal-agent models take outside options, determining participation and incentive constraints, as given. We construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit are instead determined endogenously. We simultaneously...
Persistent link: https://www.econbiz.de/10014635663
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Dual Credit Markets : Income Risk, Household Debt, and Consumption
Matsa, David A. - 2024
Many young employees work on a temporary basis, which entails significantly greater income risk than "permanent" work, even for jobs in the same occupation and at a similar wage. We find that this income uncertainty leads lenders to ration credit to temporary workers, precisely at the stage of...
Persistent link: https://www.econbiz.de/10015056185