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Dynamic contracting with long-term consequences : optimal CEO compensation and turnover

Vasama, Suvi - 2016

We examine optimal managerial compensation and turnover policy in a principal-agent model in which the firm output is serially correlated over time. The model captures a learning-by-doing feature: higher effort by the manager increases the quality of the match between the firm and the manager in...

Persistent link: https://www.econbiz.de/10011550469

Too Few Doctors or Too Low Wages? Labor Supply of Health Care Professionals in China

Qin, Xuezheng; Li, Lixing; Hsieh, Chee-Ruey - 2013

services and the derived demand for health care professionals in recent years. However, the increase in the supply of doctors …

Persistent link: https://www.econbiz.de/10014162135

Work pay, contractual changes and employee attrition : evidence from NHS trainee doctors

Mello, Marco; Moscelli, Giuseppe; Laliotis, Ioannis; … - 2024

hospital care. We study how contractual pay terms affect the retention of trainee doctors in the English NHS and the … relationship between trainee doctors' attrition and hospital quality. Our setting is a nationwide reform that reduced unsocial … implementation of the new pay terms led to a 6.7% increase in the annual number of trainee doctors leaving the English NHS. As …

Persistent link: https://www.econbiz.de/10015075384

Market based compensation, price informativeness and short-term trading

Calcagno, Riccardo; Heider, Florian - 2007

This paper shows that there is a natural trade-off when designing market based executive compensation. The benefit of market based pay is that the stock price aggregates speculators’ dispersed information and there-fore takes a picture of managerial performance before the long-term value of a...

Persistent link: https://www.econbiz.de/10011604781

Political selection of firms into privatization programs : evidence from Romanian comprehensive data

Szentpéteri, Ádam (contributor); … - 2008

Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was explicitly barred from any privatization, we test how politicians select firms into privatization programs. Using a comprehensive dataset that includes all firms inherited from...

Persistent link: https://www.econbiz.de/10003790098

Does privatization hurt workers? Lessons from comprehensive manufacturing firm panel data in Hungary, Romania, Russia and Ukraine

Brown, J. David (contributor); Earle, John S. (contributor); … - 2005

We analyze the effects of privatization on firm-level wages and employment in four transition economies. Contrary to workers’ fears, our fixed effect and random trend estimates imply little effect of domestic privatization, except for a slight negative effect in Russia, and they provide some...

Persistent link: https://www.econbiz.de/10003435299

Political selection of firms into privatization programs : evidence from Romanian comprehensive data

Szentpéteri, Ádám; Telegdy, Álmos - 2009

Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was explicitly barred from any privatization, we test how politicians select firms into privatization. Using comprehensive data that includes all firms inherited from socialism, we estimate...

Persistent link: https://www.econbiz.de/10003919610

Does privatization hurt workers? : Lessons from comprehensive manufacturing firm panel data in Hungary, Romania, Russia, and Ukraine

Brown, J. David (contributor); Earle, John S. (contributor); … - 2006 - Rev.

We estimate the effects of privatization on firm-level wages and employment in four transition economies. Applied to longitudinal data on manufacturing firms, our fixed effect and random trend models consistently fail to support workers’ fears of job losses from privatization, and they never...

Persistent link: https://www.econbiz.de/10003292441

Wages, layoffs, and privatization : evidence from Ukraine

Brown, J. David (contributor); Earle, John S. (contributor); … - 2006

This paper estimates the effects of privatization on worker separations and wages using retrospective data from a national probability sample of Ukrainian households. Detailed worker characteristics are used to control for compositional differences and to assess types of observable “winners”...

Persistent link: https://www.econbiz.de/10003292444

Nonprofit Wages : Theory and Evidence

Hirsch, Barry T. - 2017

The nonprofit sector's share of wage and salary employment in the U.S. has increased over time, from about 5½ percent …

Persistent link: https://www.econbiz.de/10012961754

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