report using this type of data to set salaries, a practice that is known as salary benchmarking. Despite their widespread use … across occupations, there is no evidence on the effects of salary benchmarking. We provide a model that explains why firms … are interested in salary benchmarking and makes predictions regarding the effects of the tool. Next, we measure the actual …

This paper investigates how shocks to expected cash flows influence CEO incentive compensation. Exploiting changes in …

reorganization) the equity stake measure is better, and the incentive problem faced by large firms is not as severe. Finally, using a …

productivity. HRM includes incentive pay (individual and group) as well as many non-pay aspects of the employment relationship such …

weaken the incentive effects of securities (e.g. cause options to fall out of the money), and the impact of some CEO actions … takes a surprisingly simple form, and can be implemented by a "Dynamic Incentive Account." The CEO's expected pay is …

present results from a randomized evaluation of a teacher incentive program implemented across a large representative sample … (with a mean bonus of 3% of annual pay). At the end of two years of the program, students in incentive schools performed … in test scores represented an actual increase in learning outcomes. Incentive schools also performed better on subjects …