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(individual or group performance) and its design (commissions, piece-rate or sharing schemes). Individual incentives demonstrate … the largest effect, while group or team incentives are smaller in magnitude. The case for government intervention through … tax breaks and other financial incentives is highly debated due to differences across firms and the potential for economic …
Persistent link: https://www.econbiz.de/10011431686
Using administrative data from a major Chinese insurance firm that raised its sales targets and rewards for insurance agents in a highly non-linear incentive system, we find that the improvement in productivity far outweighed the costs associated with bunching distortions and other gaming...
Persistent link: https://www.econbiz.de/10013244278
Using administrative data from a major Chinese insurance firm that raised its sales targets and rewards for insurance agents in a highly non-linear incentive system, we find that the improvement in productivity far outweighed the costs associated with bunching distortions and other gaming...
Persistent link: https://www.econbiz.de/10012433451
status considerations on wages, contracts, sorting, and output we use a standard principal agent framework in which firms …. Second, although workers may have the same productivity, equilibrium will generate a dispersion in (expected) wages, and … workers with status concerns will have more high-powered incentives, work more and earn more than workers who do not care …
Persistent link: https://www.econbiz.de/10014035995
We estimate how much of the gains from productivity spillovers through worker mobility is retained by the hiring firms, by the workers who bring spillovers, and by the other workers. Using linked employer-employee data from Danish manufacturing for the period 1995-2007, we find that at least...
Persistent link: https://www.econbiz.de/10010204505
We study optimal incentives in a principal-agent problem in which the agent's outside option is determined endogenously … obtaining this raise gives the agent an incentive to exert effort, which reduces the need for standard incentives, like bonuses … eliminates the need for standard incentives …
Persistent link: https://www.econbiz.de/10013082074
Compensation schemes have been blamed for encouraging excess risk-taking on the part of managers within the financial system and real economy. In general, compensation cannot decrease below the base salary, while gains from bonuses can be limitless. The potential link between compensation and...
Persistent link: https://www.econbiz.de/10014348916
. This implies that firm-specific training can decrease current wages as it implies a credible commitment to lower future …
Persistent link: https://www.econbiz.de/10011507950
Wages and productivity represent two of the most relevant variables to consider in economic development. Given the low … translate into higher wages. Thus, we pose the following questions applied to a middle-income trapped country: is there a link … between labour productivity and wages in the Argentine manufacturing sector? Does it differ across techno-productive classes …
Persistent link: https://www.econbiz.de/10013465158
Wages and productivity represent two of the most relevant variables to consider in economic development. Given the low … translate into higher wages. Thus, we pose the following questions applied to a middle-income trapped country: is there a link … between labour productivity and wages in the Argentine manufacturing sector? Does it differ across techno-productive classes …
Persistent link: https://www.econbiz.de/10014229653