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We show that if agents are risk neutral, prizes outperform wages when there is sufficient pride and envy relative to … the noisiness of performance. If agents are risk averse, prizes are a necessary supplement to wages (as bonuses). …
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We show that if agents are risk neutral, prizes outperform wages if and only if there is sufficient pride and envy … relative to the noisiness of performance. If agents are risk averse, prizes are a necessary supplement to wages (as bonuses). …
Persistent link: https://www.econbiz.de/10009024418
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the parliament (MPs) in Turkey who are retired from their pre-political career jobs earn a pension bonus on top of their … MP salaries. The law change in 2012 significantly increased the pension bonus by pegging it to 18 percent of the salary …
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the parliament (MPs) in Turkey who are retired from their pre-political career jobs earn a pension bonus on top of their … MP salaries. The law change in 2012 significantly increased the pension bonus by pegging it to 18 percent of the salary …
Persistent link: https://www.econbiz.de/10011709824
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