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Using a formal principal-agent model, I investigate the relation between monetary gift-exchange and incentive pay, while allowing for worker heterogeneity. I assume that some agents care more for their principal when they are convinced that the principal cares for them. Principals can signal...
Persistent link: https://www.econbiz.de/10010325647
We develop a model of manager-employee relationships where employees care more for their manager when they are more convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways: by offering a generous wage and by giving attention....
Persistent link: https://www.econbiz.de/10010264516
separating highly talented agents from the low talented ones. However separating that means signalling effort for the highly … talented becomes even more important in a two-dimensional signalling case. This attracts notice to time constraints. Under weak … without additional information compared to the onedimensional case. Considering this, the efficiency of the current two …
Persistent link: https://www.econbiz.de/10010270374
By incorporating reciprocity in an otherwise standard principal-agent model, I investigate the relation between monetary gift-exchange and incentive pay, while allowing for worker heterogeneity. I assume that some, but not all, workers care more for their principal when they are convinced that...
Persistent link: https://www.econbiz.de/10010277387
Persistent link: https://www.econbiz.de/10012214606
wages are solely determined on the basis of their productivity. Findings are rather in accordance with shirking and matching … simultaneously mitigated due to job match specific effects, is in harmony with incentive and matching arguments.Joachim Prinz, born …
Persistent link: https://www.econbiz.de/10002110023
Persistent link: https://www.econbiz.de/10003906071
of the labor market such as the matching technology that pairs vacancies with unemployed workers. We estimate on US data …
Persistent link: https://www.econbiz.de/10003486556
Persistent link: https://www.econbiz.de/10008649400
werden. -- wage setting ; hiring standards ; wage rigidity ; wage curve ; matching ; censoring …
Persistent link: https://www.econbiz.de/10003873943