Showing 1 - 10 of 394
Persistent link: https://www.econbiz.de/10011696200
Incentive schemes not only influence the effort provision of workers, but might also induce sorting. As drivers of self-selection … personality, also play a role. With this paper, we contribute to the literature on drivers of self-selection by analyzing the role … considerations and free-riding concerns (i.e., risk of teaming-up with low-productive teammates) as drivers of self-selection …
Persistent link: https://www.econbiz.de/10010319744
We conduct a field experiment where we vary both the presence of a gift exchange wage and the effect of the worker's effort on the manager's payoff. The results indicate a strong complementarity between the initial wage gift and the agent's ability to repay the gift. We collect information on...
Persistent link: https://www.econbiz.de/10010280811
Human capital and deferred compensation might explain why firms employ but do nothire older workers. Adjustments of wage-tenure profiles for older new entrants areexplored in the context of deferred compensation. From an equity theory perspective,such adjustments might lead to adverse incentive...
Persistent link: https://www.econbiz.de/10005867317
Hutchens (1986, Journal of Labor Economics 4(4), pp. 439-457) argues that deferred compensation schemes impose fixed-costs to firms and, therefore, they employ older workers but prefer to hire younger workers. This paper shows that deferred compensation can be a recruitment barrier even without...
Persistent link: https://www.econbiz.de/10003918724
In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are novel. Notable facts are that: the compensation distribution is highly skewed; each year, a sizeable fraction of chief...
Persistent link: https://www.econbiz.de/10008732068
We conduct a field experiment where we vary both the presence of a gift exchange wage and the effect of the worker's effort on the manager's payoff. The results indicate a strong complementarity between the initial wage gift and the agent's ability to "repay the gift". We collect information on...
Persistent link: https://www.econbiz.de/10009488990
Deregulation and managerial compensation are two important topics on the political and academic agenda. The former has been a significant policy recommendation in light of the negative effects associated with overly restrictive regulation on markets and the economy. The latter relates to the...
Persistent link: https://www.econbiz.de/10011427661
Making use of unique balanced panel data for the German chemical sector from the years 2008 to 2011, we explore the extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards. Carrying out longitudinal analyses, we find that, on...
Persistent link: https://www.econbiz.de/10009754706
Incentive schemes not only influence the effort provision of workers, but might also induce sorting. As drivers of self-selection … personality, also play a role. With this paper, we contribute to the literature on drivers of self-selection by analyzing the role … considerations and free-riding concerns (i.e., risk of teaming-up with low-productive teammates) as drivers of self-selection …
Persistent link: https://www.econbiz.de/10009658601