compensation plans on personal productivity. We study an international law firm that moves from high-powered individual incentives … towards incentives for "leadership" activities that contribute to the firm's long run profitability. The effect of this change … shift billable hours to team members. Although the motivation for the change in the compensation plan was the multitasking …

relationships and on how firms provide incentives to employees. This literature has been very successful in generating models and … conform to theory. We survey some literature in this area and suggest areas for further research …

theory of agency, notably income insurance and multi-task considerations, also shape pay policies. The conclusion we draw …

level of compensation, we find that CEOs have pay-performance incentives that are $5.85 per thousand dollar increase in … shareholder wealth higher than the pay-performance incentives of executives with divisional responsibility. Executives with … oversight authority have pay-performance incentives that are $1.26 per thousand higher than those of executives with divisional …

earnings performance instead induces a combination of high effort, truth revelation and optimal investments. The model produces …

This paper estimates the effect of the individual incentives teachers face in a teacher-based value-added merit pay … next year. Our results show consistent evidence that teachers do not respond to the incentives they face under this program …

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

What determines CEO incentives? A confusion exists among both academics and practitioners about how to measure the … strength of CEO incentives, and how to reconcile the enormous differences in pay sensitivities between executives in large and … small firms. We show that while one measure of CEO incentives (the dollar change in CEO wealth per dollar change in firm …

We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to … possibility that the growth of common ownership has had a significant impact on managerial incentives …