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Workplace heterogeneity and the rise of West German wage inequality

Card, David; Heining, Jörg; Kline, Patrick - Institut für Arbeitsmarkt- und Berufsforschung (IAB) - 2012

"We study the role of establishment-specific wage premiums in generating recent increases in West German wage inequality. Models with additive fixed effects for workers and establishments are fit in four distinct time intervals spanning the period 1985-2009. Unlike standard wage models,...

Persistent link: https://www.econbiz.de/10010734060

Down from the mountain : skill upgrading and wages in Appalachia

Bollinger, Christopher R.; Ziliak, James P.; Troske, … - 2009

Despite evidence that skilled labor is increasingly concentrated in cities, whether regional wage inequality is predominantly due to differences in skill levels or returns is unknown. We compare Appalachia, with its wide mix of urban and rural areas, to other parts of the U.S., and find that...

Persistent link: https://www.econbiz.de/10003858875

Returns to human capital under the communist wage grid and during the transition to a market economy

Terrell, Katherine D.; Švejnar, Jan; Münich, Daniel - 2000

Under communism, workers had their wages set according to a centrally-determined wage grid. In this paper we use new micro data on men to estimate returns to human capital under the communist wage grid and during the transition to a market economy. We use data from the Czech Republic because it...

Persistent link: https://www.econbiz.de/10011325997

Hybrid Cardinal Tournaments

Tsoulouhas, Theofanis - In: Economics Bulletin 30 (2010) 3, pp. 2279-2288

This paper proposes an alternative to standard cardinal tournaments. The analysis contrasts "hybrid" cardinal … tournaments to standard cardinal tournaments and piece rates. It shows that providing for partial insurance against common … weights), or than providing for no insurance at all via piece rates. Hybrid tournaments increase the principal's profit …

Persistent link: https://www.econbiz.de/10011278509

Adapting Strategic Risk in Corporate Tournaments

Bono, James - 2008

strategic variability in corporate promotion tournaments. The model describes a situation in which agents are promoted to a …

Persistent link: https://www.econbiz.de/10005162564

Job competition, employability and incentives for human capital formation

Shaked, Avner; Cristobal Campoamor, Adolfo - Volkswirtschaftliche Fakultät, … - 2014

This note describes the effects on human capital formation of rank-order tournaments offering identical prizes to a …

Persistent link: https://www.econbiz.de/10011107729

Dynamic Principal-Multiple Agent Contracts

Yeltekin, Sevin - EconWPA - 1998

I explore the nature of optimal static and dynamic contracts in an environment with moral hazard, where individuals contracting with the same principal receive correlated productivity shocks. The environment resembles the one considered in relative compensation theory ( i.e tournament theory),...

Persistent link: https://www.econbiz.de/10005561501

You don't always get what you pay for

Schnedler, Wendelin - 2007

Consider a principal-agent relationship in which more effort by the agent raises the likelihood of success. Does rewarding success, i.e., paying a bonus, increase effort in this case? I find that bonuses have not only an incentive but also an income effect. Overall, bonuses paid for success may...

Persistent link: https://www.econbiz.de/10003592884

Optimal long-term contracting with learning

He, Zhiguo; Wei, Bin; Yu, Jianfeng; Gao, Feng - 2016

We introduce uncertainty into Holmstrom and Milgrom (1987) to study optimal long-term contracting with learning. In a dynamic relationship, the agent's shirking not only reduces current performance but also increases the agent’s information rent due to the persistent belief manipulation...

Persistent link: https://www.econbiz.de/10011557712

Observing unobservables : identifying information asymmetries with a consumer credit field experiment

Karlan, Dean; Zinman, Jonathan - 2005

Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...

Persistent link: https://www.econbiz.de/10011610980