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In the past 30 years Costa Rica has grown steadily and social indicators have improved markedly. Well-being indicators are comparable or even above the OECD average in several dimensions, such as health, environment or life-satisfaction. This paper reviews the social progress that Costa Rica has...
Persistent link: https://www.econbiz.de/10011577747
We propose a model of schooling that can account for the observed heterogeneity in workers' productivity and educational attainment. Identical unskilled agents can get a degree at a cost, but becoming skilled entails an additional unobservable effort cost. Individual labor can then be used as an...
Persistent link: https://www.econbiz.de/10013039811
We consider the cost of providing incentives through tournaments when workers are inequity averse and performance …
Persistent link: https://www.econbiz.de/10005844239
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
We consider the cost of providing incentives through tournaments when workers are inequity averse and performance …
Persistent link: https://www.econbiz.de/10005100711
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
We consider the cost of providing incentives through tournaments when workers are inequity averse and performance …
Persistent link: https://www.econbiz.de/10005696268
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
We evaluate a political reform in Portugal that introduced individual teacher performancerelated pay and tournaments in …
Persistent link: https://www.econbiz.de/10014557710
Research has shown that job insecurity affects both mental and physical health, though the effects are lower when employees are easily re-employable. The detrimental effects of job insecurity can also be partly mitigated by employers allowing greater employee participation in workplace...
Persistent link: https://www.econbiz.de/10011405041