Showing 1 - 10 of 6,522
Persistent link: https://www.econbiz.de/10010407243
Persistent link: https://www.econbiz.de/10003765626
Persistent link: https://www.econbiz.de/10003892063
This paper examines the effect of imperfect labor market competition on the efficiency of compensation schemes in a …-dependent exit options for agents. In contrast to screening models with perfect competition, we find that existence of equilibria … that the efficiency of variable pay depends on the degree of competition for agents: For small degrees of competition, low …
Persistent link: https://www.econbiz.de/10010411960
This article develops a new rationale for the emergence of pay-for-performance contracts where the labor market is competitive, workers are risk averse, and firms are risk neutral and unaware of workers' productivities. The article shows that the prevalence of pay for performance rises and the...
Persistent link: https://www.econbiz.de/10013150889
This paper develops a new rationale for the emergence of pay-for-performance contracts. The labor market is competitive, workers are risk averse and firms risk neutral. The paper shows that in stable environments more productive workers self-select into pay-for-performance jobs because risk is...
Persistent link: https://www.econbiz.de/10014028641
Persistent link: https://www.econbiz.de/10003759378
Persistent link: https://www.econbiz.de/10003759384
This paper investigates the determinants of tenure decisions in Germany, Austria and the German‐speaking part of …
Persistent link: https://www.econbiz.de/10003781079
Persistent link: https://www.econbiz.de/10001693122