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 … sources of incentives to best induce effort from the agent. Analyzing extended versions of the model allows us to examine how …

the provision of incentives. Unlike previous papers, we use a direct measure of seniority-based pay as well as measures of … incentives. They are also less likely to invest in monitoring devices. We also find that firms that offer seniority-based pay are …

multitask incentives relative to the primary performance measure. Specifically, we find evidence that second and third bonuses … are used to provide better incentives for cooperation and to reduce incentives for manipulation. Fourth, we present … implicit incentives for promotions and other rewards, also appear to play the same roles. …

intensity of team incentives and several survey measures of cooperation. Moreover, higher powered team incentives are associated … with lower degrees of absenteeism while this is not the case for individual incentives. …

in a simple model that the perceived degree of past differentiation affects future incentives. We then study the impact …

This paper studies how different demographic groups respond to incentives by comparing performance in the GRE …. -- gender ; competition ; incentives ; GRE ; high stakes ; low stakes ; test score gap …

productivity, but they also underscore the risks of quantity-based incentives where quality is important. …

in a simple model that the perceived degree of past differentiation affects future incentives. We then study the impact … ; incentives …

The paper provides empirical evidence how promotion incentives and performance pay are related to nonverifiable human … incentives are positively related to nonverifiable firm-specific human capital acquisition whereas individual performance pay (i … to such general human capital acquisition and there is no such relation for promotion incentives …