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We suggest a parsimonious dynamic agency model in which workers have status concerns. A firm is a promotion hierarchy in which a worker's status depends on past performance. We investigate the optimality of two types of promotion hierarchies: (i) internal labor markets, in which agents have a...
Persistent link: https://www.econbiz.de/10010282601
A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of …
Persistent link: https://www.econbiz.de/10003950450
administrative labor-market data and causal evidence from a laboratory experiment. We also measure individuals' aversion to … work in the lab and have a relative preference for work perceived as immoral outside the laboratory. We note that sorting …
Persistent link: https://www.econbiz.de/10012257790
reference group. In a novel experiment, I vary whether or not members of a reference group obtain relative performance …
Persistent link: https://www.econbiz.de/10012139010
A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of …
Persistent link: https://www.econbiz.de/10010333876
Persistent link: https://www.econbiz.de/10003647591
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Incentive provision is a central question in modern economic theory. During the run up to the financial crisis, many banks attempted to encourage loan underwriting by giving out incentive packages to loan officers. Using a unique data set on small business loan officer compensation from a major...
Persistent link: https://www.econbiz.de/10003892598
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