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Wage structure and the incentive effect of promotions
Herpen, Marco van; Cools, Cornelis; Praag, Mirjam van - 2004
as a wage determinant. We furthermore show that a promotion affects both intrinsic and extrinsic motivation significantly …, though in two different ways: An expected promotion increases extrinsic motivation whereas intrinsic motivation is highest … subsequent to a realized promotion. The relationship between extrinsic motivation and expected promotions implies that promotions …
Persistent link: https://www.econbiz.de/10011337995
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An Experimental Study of Career Concerns in Groups
Wei, Chen - 2022
This paper studies career concerns in groups where workers can allocate effort between their own tasks and other group members' tasks. We first theoretically investigate how workers allocate effort when they have career concerns. Then, we study their decisions when the labor market can only...
Persistent link: https://www.econbiz.de/10014242527
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Tournaments, individualized contracts and career concerns
Koch, Alexander K. (contributor);  … - 2005
Young professionals typically do not enter into life-long employment relations with a single firm. Therefore, future employers can learn about individuals' abilities from the observable facts regarding earlier work relations. We show that these informational spill-overs have profound...
Persistent link: https://www.econbiz.de/10003275078
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Career Concerns and Market Structure
Bonatti, Alessandro - 2013
This paper analyzes the impact of market structure on career concerns. Effort increases the probability that a skilled agent achieves a one-time breakthrough. Wages are based on assessed ability and on expected output. For any wage, the agent works too little, too late. Under short-term...
Persistent link: https://www.econbiz.de/10013075178
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Tournaments, Individualized Contracts and Career Concerns
Koch, Alexander K.; Peyrache, Eloic - 2021
Young professionals typically do not enter into life-long employment relations with a single firm. Therefore, future employers can learn about individuals' abilities from the observable facts regarding earlier work relations. We show that these informational spill-overs have profound...
Persistent link: https://www.econbiz.de/10013318139
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Awards are career catalysts for young talents in highly competitive job markets
Bünning, Florian; Chan, Ben; Schmidt, Sascha Leonard; … - 2021 - This version: January 01, 2021
Despite the potential importance of awards as a possible career catalyst, the theoretical and empirical research on awards is still in its infancy. Here, we address this notable shortcoming in the economic literature by exploring data from German youth football. Analyzing whether an early career...
Persistent link: https://www.econbiz.de/10012486027
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Career concerns, shareholder monitoring and investment efficiency : from the perspective of compensation contract rigidity in Chinese SOEs
Wan, Hualin; Zhu, Kai; Chen, Xinyuan - In: China journal of accounting research : CJAR 8 (2015) 1, pp. 59-73
This paper presents theoretical analysis of how career concerns and shareholder monitoring affect chief executive officer (CEO) agency costs. We investigate investment efficiency prior to CEO retirement based on a sample of Chinese state-owned enterprises (SOEs) during the 1999-2007 period and...
Persistent link: https://www.econbiz.de/10011844386
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Career concerns with exponential learning
Bonatti, Alessandro; Hörner, Johannes - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 1, pp. 425-475
This paper examines the interplay between career concerns and market structure. Ability and effort are complements: effort increases the probability that a skilled agent achieves a one-time breakthrough. Wages are based on assessed ability and on expected output. Effort levels at different times...
Persistent link: https://www.econbiz.de/10011704848
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Promotion Tournaments and Individual Performance Pay
Schöttner, Anja; Thiele, Veikko - 2010
We analyze the optimal combination of promotion tournaments and linear individual performance pay in an employment relationship. An agent's effort is non-observable and he has private information about his suitability for promotion. Thus, the two incentive schemes need to be combined to serve...
Persistent link: https://www.econbiz.de/10014048500
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Performance pay and applicant screening
Jirjahn, Uwe; Mohrenweiser, Jens - 2015
Using German establishment data, we show that the relationship between performance pay and intensity of applicant screening depends on the nature of production. In establishments with increased multitasking, performance pay is associated with a greater intensity of applicant screening. In...
Persistent link: https://www.econbiz.de/10011348846