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Pay,Perks and Parachutes:Do They Pay?
Bonus Culture:Competitive Pay, Screening, and Multitasking
incentives performance pay bonuses executive compensation inequality, multitask contracts screening adverse selection moral hazard work ethic Hotelling competition.
2014/3/13
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling...
Do Literacy and Numeracy Pay Off? On the Relationship between Basic Skills and Earnings
literacy numeracy earnings administrative data Germany ALWA
2012/10/22
Is there a reward for basic skills in the German labor market? To answer this question, we examine the relationship between literacy, numeracy and monthly gross earnings of full-time employed workers....
Trade Union Membership and Sickness Absence: Evidence from a Sick Pay Reform
difference-in-differences sickness-related absence Socio-Economic Panel (SOEP) statutory sick pay trade union membership
2012/10/23
In 1996, statutory sick pay was reduced for private sector workers in Germany. Using the empirical observation that trade union members are dismissed less often than non-members, we construct a model ...
Does It Pay for Women to Volunteer?
female labor supply marriage fertility negative selection attrition dynamic programming structural estimation simulated maximum likelihood volunteering
2012/10/23
This paper estimates the economic and non-economic returns to volunteering for prime-aged women. A woman's decision to engage in unpaid work, and to marry and have children, is formulated as a forward...
Willingness to Accept Equals Willingness to Pay for Labor Market Estimates of the Value of Statistical Life
willingness to pay willingness to accept value of statistical life VSL CFOI panel data PSID
2012/10/22
Our research clarifies the conceptual linkages among willingness to pay for additional safety, willingness to accept less safety, and the value of statistical life (VSL). We present econometric estima...
Team Structure and the Effectiveness of Collective Performance Pay
incentives teams performance sub-teams cooperation
2012/10/23
The adoption of performance related pay schemes has become increasingly popular in the public sector of several countries. In the UK, the scheme designers favoured collective performance pay with the ...
Does Institutional Diversity Account for Pay Rules in Germany and Belgium?
labour market institutions wage inequality rules collective bargaining
2012/10/23
This paper examines the relationship between institutions and the remuneration of different jobs by comparing the German and Belgian labour markets with respect to a typology of institutions (social r...
Why Ex(Im)porters Pay More: Evidence from Matched Firm-Worker Panels
globalization export import wage differentials
2012/10/23
We investigate the relationship between exporting, importing, and wage premia using a rich matched employer-employee data set. We improve on the previous literature (i) by using a new methodology to q...
Cross-Assignment Discrimination in Pay: A Test Case of Major League Baseball
wage discrimination complementarity monopsony power
2012/10/23
The traditional Becker/Arrow style model of discrimination depicts majority and minority and workers as perfectly substitutable inputs, implying that all workers have the same job assignment. The mode...
Does It Pay to Be Productive? The Case of Age Groups
wages productivity aging matched panel data
2012/10/24
Using longitudinal matched employer-employee data for the period 1999-2006, we investigate the relationship between age, wage and productivity in the Belgian private sector. More precisely, we examine...
The Effect of Variable Pay Schemes on Workplace Absenteeism
performance-related pay absenteeism incentives Britain
2012/10/24
We estimate the effect of variable pay schemes on workplace absenteeism using two cross sections of British establishments. Private sector establishments that explicitly link pay with individual perfo...
Does the Sector Experience Affect the Pay Gap for Temporary Agency Workers?
temporary agency employment treatment intensity dose response function approach wages Germany
2012/10/26
It is a well-known fact that temporary agency workers have to accept high pay penalties. However, remarkably little is known about the remuneration of workers who are frequently employed in this secto...
Severance Pay Mandates: Firing Costs, Hiring Costs, and Firm Avoidance Behaviors
severance pay firing costs hiring costs layoff employment insurance savings moral hazard
2012/10/25
The potentially adverse labor market effects of severance pay mandates are a continuing source of policy concern. In a seminal study, Lazear (1990) found that contract avoidance of severance pay firin...
Mandated Severance Pay and Firing Cost Distortions: A Critical Review of the Evidence
severance pay firing costs hiring costs separation rate employment
2012/10/26
Severance pay mandates are an appealing job displacement insurance strategy in developing countries, which have only modest government administrative capacities, but they carry the threat of adverse i...