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We examine the relationships with firm performance of the internal pay gap among individual members of the top management team (TMT) and the compensation level of TMT members relative to their industry peers. We find that pay gap is positively related to firm performance and that this positive...
Persistent link: https://www.econbiz.de/10011844628
This paper investigates to which extent outward foreign direct investment (FDI) affects domestic wages. We are first interested in the raw wage differential between multinational and domestic firms. Results reveal that multinational companies pay a wage premium to their employees, even within...
Persistent link: https://www.econbiz.de/10011374041
We model a corporate firm in a competitive market setting, consisting of a production technology, a hierarchical organization structure, a cost efficiency parameter, and an internal pay-system. The depth of the firm determines its output and is set by profit maximization under the participation...
Persistent link: https://www.econbiz.de/10012708054
Traditionally female-dominated sectors are growing and male-dominated ones shrinking, yet sectorial male shares are not changing. Why? I embed a field experiment within the UK national recruitment program for social workers to analyse barriers to men's entry and the nature of men's sorting into...
Persistent link: https://www.econbiz.de/10013248071
We model a firm in an institutional market setting, consisting of a production technology and its governance. The governance consists of a hierarchical firm structure, a cost efficiency parameter,and an internal pay system. The depth of the firm is determined by profit maximization under the...
Persistent link: https://www.econbiz.de/10014028249
sector, a good institution of science can mitigate the brain drain. We also find that providing extra monetary incentives … through the market might undermine the incentives provided by the institution and thereby worsen the brain drain. Finally, we … study the optimal balance between monetary and non monetary incentives in science …
Persistent link: https://www.econbiz.de/10012727318
Differences in pay between women and men in the same jobs have captured the public's attention in recent years. However, public interest in and press coverage of salary differences on the basis of gender—or any other ascriptive class—in the learned professions are wanting. Moreover, few...
Persistent link: https://www.econbiz.de/10012822511
We study optimal non-linear contracts offered by two firms competing for the exclusive services of workers, who are privately informed about their ability and motivation. Firms differ in their organizational form, and motivated workers are keen to be hired by the non-profit firm because they...
Persistent link: https://www.econbiz.de/10012986635
We study the Lemons Problem when workers have private information on both their skills and their intrinsic motivation. When workers are motivated, ine¢ ciencies due to adverse selection are mitigated and a change in salaries may have unexpected consequences. With a su¢ ciently strong and...
Persistent link: https://www.econbiz.de/10013063829
We study optimal non-linear contracts offered by two firms competing for the exclusive services of workers, who are privately informed about their ability and motivation. Firms differ in their organizational form, and motivated workers are keen to be hired by the non-profit firm because they...
Persistent link: https://www.econbiz.de/10011703431