This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we theoretically show that favoritism leads to a lower quality of promotion decisions and in turn lower efforts. But the effect can be mitigated by pay-for-performance incentives for...

This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we theoretically show that favoritism leads to a lower quality of promotion decisions and in turn lower efforts. But the effect can be mitigated by pay-for-performance incentives for...

This paper refers to original empirical data to deal with the issue of career plateauing in a large Quebec civic administration following a major reorganization in the mid-1990s. According to several studies on organizational downsizing, subjective career plateauing has major consequences: it...

Die Hälfte der hiesigen Unternehmen berichtete im Jahr 2023 von zunehmenden Problemen bei der Besetzung von Führungspositionen aufgrund einer fehlenden Bereitschaft auf Seiten der Beschäftigten, Führungsverantwortung übernehmen zu wollen. Größere Unternehmen sind davon seltener betroffen...

We address the question how much authority a principal should delegate to a manager with conflicting interests and uncertain ability in a context in which the manager has both compensationbased and reputational incentives. The optimal level of authority balances the value of the manager's...

We address the question how much authority a principal should delegate to a manager with conflicting interests and uncertain ability in a context in which the manager has both compensationbased and reputational incentives. The optimal level of authority balances the value of the manager's...

We address the question how much authority a principal should delegate to a manager with conflicting interests and uncertain ability in a context in which the manager has both compensation-based and reputational incentives. The optimal level of authority balances the value of the manager's...

We address the question how much authority a principal should delegate to a manager with conflicting interests and uncertain ability in a context in which the manager has both compensation-based and reputational incentives. The optimal level of authority balances the value of the manager's...

Based on a unique time-use survey of academic researchers in Japan, this study finds that research time decreases over the life cycle. The decrease in total hours worked and the increase in time spent on administrative tasks explain the decrease in research time. We also show that the decrease...

We study career and wage dynamics within and between firms using a large linked employer-employee panel dataset spanning 26 years. We construct six-level hierarchies for more than 5,000 firms. We replicate most of the analyses from Baker, Gibbs and Holmström (Quarterly Journal of Economics,...