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(individual or group performance) and its design (commissions, piece-rate or sharing schemes). Individual incentives demonstrate … the largest effect, while group or team incentives are smaller in magnitude. The case for government intervention through … tax breaks and other financial incentives is highly debated due to differences across firms and the potential for economic …
Persistent link: https://www.econbiz.de/10011431686
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...
Persistent link: https://www.econbiz.de/10010598803
To study the role of talent in finance workers' pay, we exploit a special feature of the French higher education system. Wage returns to talent have been significantly higher and have risen faster since the 1980s in finance than in other sectors. Both wage returns to project size and the...
Persistent link: https://www.econbiz.de/10012905021
This paper develops a new method to study how workers' career and wage profiles are shaped by internal labor markets (ILM) and job hierarchies in firms. Our paper tackles the conceptual challenge of organizing jobs within firms into hierarchy levels by proposing a data-driven ranking method...
Persistent link: https://www.econbiz.de/10012800774
This paper develops a new method to study how workers’ career and wage profiles are shaped by internal labor markets (ILM) and job hierarchies in firms. Our paper tackles the conceptual challenge of organizing jobs within firms into hierarchy levels by proposing a data-driven ranking method...
Persistent link: https://www.econbiz.de/10012603891
Firms commonly use probation to evaluate new hires before making long-term commitments. Workers accepting jobs with a high initial risk of dismissal may expect compensation for this risk. Utilizing an original dataset of Japanese online job ads, this study employs propensity score matching and...
Persistent link: https://www.econbiz.de/10015046387
incentives has increased by more than 40% since 2004. Evidence on individual incentives in developed countries is mixed, with … that incentives can be highly effective and far cheaper to implement. Innovative incentive mechanisms such as incentives …
Persistent link: https://www.econbiz.de/10011431719
This study investigates whether information about Chief Executive Officer (CEO) incentives is useful for predicting … future earnings. We find that in companies with higher CEO equity incentives, current year earnings are more informative of … future earnings than in other companies. Additionally, in an earnings prediction setting, CEO incentives are shown to provide …
Persistent link: https://www.econbiz.de/10013107405
We study optimal incentives in a principal-agent problem in which the agent's outside option is determined endogenously … obtaining this raise gives the agent an incentive to exert effort, which reduces the need for standard incentives, like bonuses … eliminates the need for standard incentives …
Persistent link: https://www.econbiz.de/10013082074
We investigate the association between risk-taking incentives provided by stock-based compensation arrangements and non …
Persistent link: https://www.econbiz.de/10013066564