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Specific Issues Incentive-Based Pay Systems
Gheorghe, Grecu - In: Ovidius University Annals, Economic Sciences Series XII (2012) 1, pp. 971-975
To elaborate or project an adequate wage system it is necessary to take into account: the market for which the company works, technology and manufacture factors that is using, labor market context and socio-cultural environment.
Persistent link: https://www.econbiz.de/10010632494
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Incentive Effects of Bonus Taxes in a Principal-Agent Model
Dietl, Helmut M.; Grossmann, Martin; Lang, Markus; Wey, … - Institut für Betriebswirtschaftslehre, … - 2012
-2010. Using a principal-agent model, this paper investigates the incentive effects of bonus taxes by analyzing the agent's and …'s decision regarding the composition of the compensation package (fixed salary and bonus rate). We find that, surprisingly, a … bonus tax can increase the bonus rate and decrease the fixed salary. In addition, a bonus tax can induce the principal to …
Persistent link: https://www.econbiz.de/10010856825
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The Impact of Risk Aversion and Stress on the Incentive Effect of Performance Pay
Cadsby, C. Bram; Song, Fei; Tapon, Francis - Department of Economics and Finance, College of … - 2009
We demonstrate that effectiveness of performance-contingent incentives is inversely related to individual risk-aversion levels through two mechanisms: 1) rational optimizing decisions about the amount of effort to supply when effort is positively correlated with risk exposure and 2) the possibly...
Persistent link: https://www.econbiz.de/10008558430
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Motivating Agents: How Much Does the Mission Matter?
Carpenter, Jeffrey P.; Gong, Erick - Institute for the Study of Labor (IZA) - 2013
Economic theory predicts that agents will work harder if they believe in the "mission" of the organization. Well-identified estimates of exactly how much harder they will work have been elusive, however, because agents select into jobs. We conduct a real effort experiment with participants who...
Persistent link: https://www.econbiz.de/10010695875
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An experimental comparison of incentive contracts in partnerships
Chao, Hong; Croson, Rachel T.A. - In: Journal of Economic Psychology 34 (2013) C, pp. 78-87
Empirical work comparing individualized sharing and equal sharing schemes in partnerships has produced mixed results. Some studies find individualized sharing schemes superior, others find no difference, and still others find equal sharing schemes superior. This paper outlines a theory which...
Persistent link: https://www.econbiz.de/10010747605
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Why Real Leisure Really Matters: Incentive Effects on Real Effort in the Laboratory.
Corgnet, Brice; Roberto Hernán-González, Roberto … - Economic Science Institute (ESI), Argyros School of … - 2013
completing real-effort work tasks could earn cash according to either individual- or team-production incentive schemes. Under … and the treatment in which it was not. In line with standard incentive theory, individual pay outperformed team pay across … labor design is crucial for uncovering incentive effects. …
Persistent link: https://www.econbiz.de/10010817445
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How to Avoid Compensating CEO for Luck: The Case of Microeconomic Fluctuations
Oxelheim, Lars; Wihlborg, Clas; Zhang, Jianhua - Institutet för Näringslivsforskning (IFN) - 2010
Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic … section we analyze the impact of macroeconomic, industry and firm-specific factors on the compensations (salary, bonus …
Persistent link: https://www.econbiz.de/10008553045
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The Returns to Scarce Talent: Footedness and Player Remuneration in European Soccer
Bryson, Alex; Frick, Bernd; Simmons, Rob - Centre for Economic Performance, LSE - 2009
players in the German Bundesliga, we find robust evidence of a substantial salary premium for two-footed ability, even after … controlling for available player performance measures. We assess how this premium varies across the salary distribution and by …We investigate the salary returns to the ability to play football with both feet. The majority of footballers are …
Persistent link: https://www.econbiz.de/10008476319
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The returns to scarce talent: footedness and player remuneration in European soccer
Bryson, Alex; Frick, Bernd; Simmons, Rob - London School of Economics (LSE) - 2009
players in the German Bundesliga, we find robust evidence of a substantial salary premium for two-footed ability, even after … controlling for available player performance measures. We assess how this premium varies across the salary distribution and by …We investigate the salary returns to the ability to play football with both feet. The majority of footballers are …
Persistent link: https://www.econbiz.de/10010745445
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The Returns to Scarce Talent
Bryson, Alex; Frick, Bernd; Simmons, Rob - In: Journal of Sports Economics 14 (2013) 6, pp. 606-628
premium varies across the salary distribution and by player position. …The authors investigate the salary returns to the ability to play association football (soccer) with both feet. The … European leagues and a panel of players in the German Bundesliga, the authors find robust evidence of a substantial salary …
Persistent link: https://www.econbiz.de/10010778303