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Bonus question : does flexible incentive pay dampen unemployment dynamics?

Gaur, Meghana; Grigsby, John; Hazell, Jonathon; Ndiaye, … - 2023

We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage … cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first … cyclicality from bargaining dampens unemployment dynamics through the standard mechanism. Third, our calibrated model suggests 46 …

Persistent link: https://www.econbiz.de/10014390530

Bonus question : does flexible incentive pay dampen unemployment dynamics?

Gaur, Meghana; Grigsby, John; Hazell, Jonathon - 2023

Persistent link: https://www.econbiz.de/10014429746

Bonus question : does flexible incentive pay dampen unemployment dynamics?

Gaur, Meghana; Hazell, Jonathon; Ndiaye, Abdoulaye - 2023

Persistent link: https://www.econbiz.de/10014372013

Setting incentives : temporary performance premiums versus promotion tournaments

Meier, Volker - 2001

Two alternative relative compensation schemes are compared with respect to total output that can be generated at a given sum of salaries. While the promotion regime guarantees that any salary increase is permanent, the premium system allows a reduction in the income of an agent to the base...

Persistent link: https://www.econbiz.de/10011398044

Psychological Incentives, Financial Incentives, and Risk Attitudes in Tournaments : An Artefactual Field Experiment

Cadsby, Charles Bram - 2015

Tournaments are widely used to assign bonuses and determine promotions because of the link between relative performance and rewards. However, performing relatively well (poorly) may also yield psychological benefits (pain). This may also stimulate effort. Through a real-effort artefactual field...

Persistent link: https://www.econbiz.de/10013009501

Delegation and Incentive Compensation

Nagar, Venky - 2001

Top management faces two key organizational design choices: (1) how much authority to delegate to lower-level managers, and (2) how to design incentive compensation to ensure that these managers do not misuse their discretion. Although theoretical accounting literature has emphasized the joint...

Persistent link: https://www.econbiz.de/10014034777

Works councils and employer attitudes toward the incentive effects of HRM practices

Jirjahn, Uwe - 2016

A growing number of econometric examinations show that works councils substantially shape the personnel policy of firms in Germany. Firms with works councils make greater use of various HRM practices. This gives rise to the question of whether employers view the shaping of personnel policy...

Persistent link: https://www.econbiz.de/10011486434

Does group-based incentive pay lead to higher productivity? : evidence from a complex and interdependent industrial production process

Frederiksen, Anders; Hansen, Daniel Baltzer Schjødt; … - 2022

Group-based incentive pay is attractive in contexts where production is complex and interdependent, yet freeriding is a paramount concern. We assess the introduction of group-based performance pay in a modern industrial production setting using difference-in-difference estimation. Performance...

Persistent link: https://www.econbiz.de/10012804137

Performance pay and applicant screening

Jirjahn, Uwe; Mohrenweiser, Jens - 2017

Using German establishment data, we show that the relationship between intensity of performance pay and intensity of applicant screening depends on the nature of production. In establishments with increased multitasking, performance pay is positively associated with applicant screening. By...

Persistent link: https://www.econbiz.de/10011631541

Effort and selection effects of performance pay in knowledge creation

Ytsma, Erina - 2022

The effects of performance pay in routine, easy to measure tasks are well-documented, but they are much less understood in knowledge creation. This paper studies the effects of explicit and implicit, career concerns incentives common in knowledge work in a multitasking model, and estimates their...

Persistent link: https://www.econbiz.de/10013473296

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