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I explore CEOs' incentives to select firm strategies and to acquire firm-specific skills when CEOs have job-hopping opportunities. Several features of managerial compensation, such as benchmarking of pay to larger and more prestigious companies, payments unrelated to past performance,...
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among a substantial share of the population into account. Theory shows and experiments confirm, that even if fairness … concerns on economic outcomes. We also review evidence from laboratory and field experiments examining the role of wages and … fairness on effort, derive predictions from our approach for entry-level wages and incumbent workers' wages, confront these …
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The paper provides a historical overview of the pre-modern allocation of work within the territory of the later Germany from the 18th until the middle of the 19th century. We explore how the social allocation of work during the feudal system took place and trace back the development of wage...
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