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Wage Structure and the Incentive Effect of Promotions

van Herpen, Marco; Cools, Kees; van Praag, Mirjam - 2004

This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...

Persistent link: https://www.econbiz.de/10010325291

Optimal Incentive Contracts when Workers envy their Boss

Dur, Robert; Glazer, Amihai - 2004

A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This … article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the … applications of our theoretical work: envy can explain why a lower-level worker is awarded stock options, why incentive pay is …

Persistent link: https://www.econbiz.de/10010325487

Structural Estimation of Search Intensity: Do Non-Employed Workers Search Enough?

Gautier, Pieter A.; Moraga-Gonzalez, Jose Luis; … - 2007

We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it as the number of job applications that workers send out....

Persistent link: https://www.econbiz.de/10010325530

Equilibrium Directed Search with Multiple Applications

Albrecht, James; Gautier, Pieter; Vroman, Susan - 2003

We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....

Persistent link: https://www.econbiz.de/10010324801

Strategic Wage Setting and Coordination Frictions with Multiple Applications

Gautier, Pieter A.; Moraga, Jose L. - 2004

We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...

Persistent link: https://www.econbiz.de/10010325469

Transport-Related Fringe Benefits

van Ommeren, Jos; van der Vlist, Arno; Nijkamp, Peter - 2002

Fringe benefits of various kinds have become an essential element of modern labour market mechanisms. Firms offer transport-related fringe benefits such as transport subsidies (company cars, travel and parking subsidies) and relocation subsidies to job applicants. The spatial implications of...

Persistent link: https://www.econbiz.de/10010324939

The Effects of Performance Measurement and Compensation on Motivation

van Herpen, Marco; van Praag, C. Mirjam; Cools, Kees - 2003

This paper analyzes empirically the relationship between pay and performance. Economic and psychological theories predict that the design and implementation of a performance measurement and compensation system affect the motivation of employees. Our survey results demonstrate a positive...

Persistent link: https://www.econbiz.de/10010325033

Sorting and the Output Loss due to Search Frictions

Gautier, Pieter A.; Teulings, Coen N. - 2011

We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii) themax-mean wage differential. The latter measure of wage...

Persistent link: https://www.econbiz.de/10010325738

Wage Dispersion in Russia

Grogan, L.A. - 1997

This paper examines the extent to which human capital theory can explain observed wage differentialsin the Russian Federation. Wage and income dispersion have increased markedly in Russia in the sixyears since the transition began. Some studies conclude that this is an indicator that Russian...

Persistent link: https://www.econbiz.de/10010324560

Product Market Competition and Trade Union Structure

Beniers, Klaas J.; Dur, Robert A.J. - 2003

Trade unions tend to reduce the dispersion of wages among their members. Skilled workers may therefore have an incentive to separate from an encompassing union and organize into a separate craft union. In this paper, we examine a theoretical model to gain insight into the determinants of the...

Persistent link: https://www.econbiz.de/10010325045

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