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Empirically, compensation systems generate substantial effort despite weak monetary incentives. We consider reciprocal motivations as a source of incentives. We solve for the optimal contract in the basic principal-agent problem and show that reciprocal motivations and explicit performance-based...
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*Weitere Angaben Sonstiges: Erfolgsabhängige und leistungsorientierte Vergütung setzt sich zunehmend auch im Bankensektor durch: Tarifliche Öffnungsklauseln erweitern inzwischen die Möglichkeiten der Entgeltgestaltung. Welche Vergütungsmodelle setzen Banken ein? Wie gelingt es ihnen, durch...
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of policy reform under which physicians could choose between two compensation systems: the traditional fee … mandatory reform, forcing all physicians to adopt the mixed remuneration system, would have had substantially larger effects on … physician behaviour than those observed under the voluntary reform. -- labour supply ; effort ; contracts ; practice patterns of …
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Making use of panel data from a survey of highly educated professionals, gender pay gaps are explored with regard to total compensation as well as to individual compensation components. The results indicate meaningful male-female wage differentials for this quite homogeneous group of people...
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