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The causes and economic consequences of envy
Cabrales, Antonio - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 4, pp. 371-386
In this lecture I first give an explanation for invidious preferences based on the (evolutionary) competition for resources. Then I show that these preferences have wide ranging and empirically relevant effects on labor markets, such as: workplace skill segregation, gradual promotions, wage...
Persistent link: https://www.econbiz.de/10009355901
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The provision of wage insurance by the firm : evidence from a longitudinal matched employer-employee dataset
Cardoso, Ana Rute (contributor); Portela, Miguel (contributor) - 2005
"We evaluate the impact of product market uncertainty on workers wages, addressing the questions: To what extent do … firms provide insurance to their workforce, insulating their wages from shocks in product markets? How does the amount of … quality. The empirical strategy is based on Guiso et al. (2005). We first estimate dynamic models of sales and wages to …
Persistent link: https://www.econbiz.de/10003212064
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Overeducation, performance pay and wages : evidence from Germany
Baktash, Mehrzad B. - 2023
Overeducated workers are more productive and have higher wages in comparison to their adequately educated coworkers in … the same jobs. However, they face a series of challenges in the labor market, including lower wages in comparison to their … performance pay jobs as an adjustment mechanism and that performance pay moderates their wages. Using German Socio-Economic Panel …
Persistent link: https://www.econbiz.de/10014368278
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Overeducation, performance pay and wages : evidence from Germany
Baktash, Mehrzad B. - 2023
Overeducated workers are more productive and have higher wages in comparison to their adequately educated coworkers in … the same jobs. However, they face a series of challenges in the labor market, including lower wages in comparison to their … performance pay jobs as an adjustment mechanism and that performance pay moderates their wages. Using German Socio-Economic Panel …
Persistent link: https://www.econbiz.de/10014342988
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Performance-related : pay and gender wage differences
Kangasniemi, Mari; Kauhanen, Antti - 2011
We study the impact of performance-related pay (PRP) on gender wage differences using Finnish linked employer-employee panel data. Controlling for unobserved person and firm effects, we find that bonuses increase women's earnings slightly less than men's, but the economic significance of the...
Persistent link: https://www.econbiz.de/10008992073
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The wage incentive to management : a comparison across European economies
Biagetti, Marco; Leonida, Leone; Scicchitano, Sergio - 2012
wages for 26 European economies. To ease comparisons we make use of the European Union Statistics on Income and Living … Conditions inquiry released in 2009. The premium is found to be higher at the right tail of the distribution of wages, suggesting …
Persistent link: https://www.econbiz.de/10009427075
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Wage Incentive Profiles in Dual Labor Markets
Di Cintio, Marco - 2014
This paper formalizes the use of flexible labor contracts in an efficiency wage framework and derives market dualism as an endogenous outcome. By allowing temporary contracts to be either renewed or converted into permanent contracts, new theoretical insights emerge both on the equilibrium wage...
Persistent link: https://www.econbiz.de/10013057255
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Performance Pay and Earnings : Evidence from Personnel Records
Pekkarinen, Tuomas - 2011
This paper examines the earnings effects of performance pay using linked employee-employer panel data from Finland …
Persistent link: https://www.econbiz.de/10013129050
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Variable Pay : Is it for the Worker or the Firm?
Allen, Jason - 2017
We develop a model of variable pay driven by the capital structure problem of the firm, as opposed to a problem related to the worker, on which the prior literature has focused. If workers face low unemployment risk, firms use more variable pay, and more leverage. With an agency problem embedded...
Persistent link: https://www.econbiz.de/10012951981
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CEO Pay Gap and Bank Risk-taking
DeYoung, Robert - 2019
The large compensation received by bank executives is among the many factors blamed for the risk-taking that led to the 2008-2009 financial crisis. We test whether and how pay disparities between CEO and non-CEO executives—the so-called CEO pay gap—influenced risk taking at publicly traded...
Persistent link: https://www.econbiz.de/10012858941