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Persistent link: https://www.econbiz.de/10012586360
modern compensation theory, but has not been extended to organization theory. The idea is developed by starting from …
Persistent link: https://www.econbiz.de/10003951601
This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform's initial success having a negative impact...
Persistent link: https://www.econbiz.de/10009490306
this interpretation of the ethics of responsibility and the ethics of compensation within a broad class of economic … ethics of compensation, and we report an impossibility result that clarifies the source of this conflict. …
Persistent link: https://www.econbiz.de/10011399693
theory of social justice: the principles of compensation and reward. Ex-ante and ex-post versions of the compensation …
Persistent link: https://www.econbiz.de/10010510602
We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation … rather than marginal relaxations. The method endogenizes the trade-off between overall (societal) efficiency and compensation … the binary Nash game with compensation. We compare different implementations of actual market rules within our model, in …
Persistent link: https://www.econbiz.de/10010519870
This paper uses exceptionally rich data on Swedish corporate executives and their personal characteristics to study gender gaps in CEO appointments and pay. Both gaps are sizeable: 18% for CEO appointments and 27% for pay. At most one-eight of the gaps can be attributed to observable gender...
Persistent link: https://www.econbiz.de/10011430668
In this paper we propose different criteria to rank income distributions according to equality of opportunity. Different from existing ones, our criteria explicitly recognize the interplay between circumstances and effort. We characterize them axiomatically and we compare them with existing...
Persistent link: https://www.econbiz.de/10011376911
predict that the design and implementation of a performance measurement and compensation system affect the motivation of … compensation system and extrinsic motivation. Intrinsic motivation is not affected by the design of monetary compensation, but by … promotion opportunities. The compensation system also significantly affects work satisfaction and turnover intent. Our results …
Persistent link: https://www.econbiz.de/10011333892
A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the worker's participation constraint and so calls...
Persistent link: https://www.econbiz.de/10011335185