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Returns to Talent and the Finance Wage Premium
Celerier, Claire - 2019
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 …, the share of performance-pay varies more with respect to talent in finance. These findings are supportive of finance wages …
Persistent link: https://www.econbiz.de/10012905021
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Wage Determination in China During the Reform Period
Holz, Carsten A. - 2014
The purpose of this paper is to ascertain how wages are being determined in China during the reform period. The paper focuses on the development of the regulatory framework since 1978 and proceeds by examining official regulations regarding labor market institutions and wage setting, and by...
Persistent link: https://www.econbiz.de/10014144742
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Past, Present and Future Compensation Research: Economist Perspectives
Gibbs, Michael - 2017
At the 2016 Academy of Management Conference, a group of distinguished compensation researchers held a panel discussion … on the future of compensation research. Their remarks were compiled into an article published in this issue. Soon after … Lazear, Kevin J. Murphy & Canice Prendergast) doing compensation research; this article is the result. …
Persistent link: https://www.econbiz.de/10011653399
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Past, present and future compensation research : economist perspectives
Gibbs, Michael - 2017
At the 2016 Academy of Management Conference, a group of distinguished compensation researchers held a panel discussion … on the future of compensation research. Their remarks were compiled into an article published in this issue. Soon after … Lazear, Kevin J. Murphy & Canice Prendergast) doing compensation research; this article is the result. …
Persistent link: https://www.econbiz.de/10011636675
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Incentives, Gaming, and the Nonlinear Pay Scheme: Evidence from Personnel Data in a Large Japanese Auto Sales Firm
Tsuru, Tsuyoshi - Institute of Economic Research, Hitotsubashi University - 2008
This paper examines incentives and gaming behavior in a sales workforce using personnel records from one of Japan …'s largest auto sales chains. The company replaced a simple, linear compensation system in 2000 with nonlinear pay scheme kinked …
Persistent link: https://www.econbiz.de/10005450415
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Labor-market conditions and leadership styles
Dur, Robert A. J.; Kvaløy, Ola; Schöttner, Anja - 2020
Why do some leaders use praise as a means to motivate workers, while other leaders use social punishment? This paper develops a simple economic model to examine how leadership styles depend on the prevailing labor-market conditions for workers. We show that the existence of a binding wage floor...
Persistent link: https://www.econbiz.de/10012315429
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Artificial intelligence and high-skilled work : evidence from analysts
Grennan, Jillian; Michaely, Roni - 2020
consensus forecasts. However, increased exposure to AI reduces the novelty in analysts' research which reduces compensation …
Persistent link: https://www.econbiz.de/10012419400
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A Simple Theory of Managerial Talent, Pay Contracts and Wage Distribution
Wu, Yanhui - Centre for Economic Performance, LSE - 2011
This paper develops a simple theory of pay structures and pay levels across heterogeneous agents by bringing together optimal contracts inside the firm and competitive resource allocation in the market. The central idea is that more talented people tend to create greater value but face larger...
Persistent link: https://www.econbiz.de/10009220237
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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/10011422168
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Relative Performance Pay in the Shadow of Crisis
Kräkel, Matthias; Nieken, Petra - 2013
We analyze whether incentives from relative performance pay are reduced or enhanced if a department is possibly … terminated due to a crisis. Our benchmark model shows that incentives decrease in a severe crisis, but are boosted given a minor …
Persistent link: https://www.econbiz.de/10010333837