Showing 1 - 10 of 9,591
Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004The existing literature on the comparison of tournaments and piece rates as alternative incentive schemes has focused on the case of unlimited liability. However, in practice real workers’ wealth is typically...
Persistent link: https://www.econbiz.de/10005785900
We discuss two incentive schemes that are frequently used in practice¡Xtournaments and piece rates. The existing literature on the comparison of these two incentive schemes has focused on the case of unlimited liability. However, real workers' wealth is typically restricted. Therefore, this...
Persistent link: https://www.econbiz.de/10010837269
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first …
Persistent link: https://www.econbiz.de/10005703774
individual prizes that satisfy a self-commitment condition and induce effcient incentives at the same time, thus solving a … rents and the adjustment of individual incentives, which will be important for the employer if he cannot rely on handicaps. …
Persistent link: https://www.econbiz.de/10005785819
Several empirical findings have challenged the traditional trade-off between risk and incentives. By combining risk … risk and incentives can be explained. …
Persistent link: https://www.econbiz.de/10005785842
everal empirical findings have challenged the traditional trade-off between risk and incentives. By combining risk … risk and incentives can be explained. …
Persistent link: https://www.econbiz.de/10004968389
the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is … identify certain conditions under which emotions lead to additional incentives and under which the employer benefits from …
Persistent link: https://www.econbiz.de/10005703572
their own performances with those of co-workers. I analyze the interplay of emotions and incentives by focusing on a certain … emotions lead to additional incentives and under which the employer benefits from emotional workers, and I sketch the impact of … risk aversion on the interplay of emotions and incentives, and the influence of a worker’s success probability on the …
Persistent link: https://www.econbiz.de/10005736914
We show that establishing an internal labor market by offering combined contracts across hierarchy levels strictly dominates external recruitment when workers are homogeneous. The reason is that only an internal labor market can exploit higher tier rents for incentive provision on lower tiers....
Persistent link: https://www.econbiz.de/10011048204
This paper examines the effects of performance pay on earnings using linked employeeemployer panel data from Finland. These payroll data contain information on the exact share of earnings obtained and hours worked on a performance pay contract. Using these data, we estimate the effects of...
Persistent link: https://www.econbiz.de/10005822964