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This paper formalizes the use of flexible labor contracts in an efficiency wage framework and derives market dualism as an endogenous outcome. By allowing temporary contracts to be either renewed or converted into permanent contracts, new theoretical insights emerge both on the equilibrium wage...
Persistent link: https://www.econbiz.de/10013057255
wages for 26 European economies. To ease comparisons we make use of the European Union Statistics on Income and Living … Conditions inquiry released in 2009. The premium is found to be higher at the right tail of the distribution of wages, suggesting …
Persistent link: https://www.econbiz.de/10009427075
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This study investigates whether information about Chief Executive Officer (CEO) incentives is useful for predicting future earnings. We find that in companies with higher CEO equity incentives, current year earnings are more informative of future earnings than in other companies. Additionally,...
Persistent link: https://www.econbiz.de/10013107405
behavior. We compare effort choices made in a treatment where workers' wages are secret with effort choices made in two 'public … wages' treatments. The two 'public wages' treatments differ in whether co-workers' wages are chosen by an employer, or are … paid to the co-worker as compared to the case where co-workers' wages are secret. These effects are particularly pronounced …
Persistent link: https://www.econbiz.de/10003990157
Many firms offer employees a remuneration package that links pay to performance as a means of motivation. It also improves efficiency and reduces turnover and absenteeism. The effects on productivity depend on the type of scheme employed (individual or group performance) and its design...
Persistent link: https://www.econbiz.de/10011431686
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Die Frage nach der Bedeutung und Ausgestaltung monetärer Anreize beschäftigt seit Jahrzehnten Wissenschaftler und Unternehmer gleichermaßen, gilt Geld doch als eines der wichtigsten Motivationsinstrumente für Mitarbeiter. Andreas Hack bietet dem Leser einen umfassenden Überblick über die...
Persistent link: https://www.econbiz.de/10014425328
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