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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.
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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...
Financial Incentives, the Timing of Births, Birth Complications, and Newborns' Health: Evidence from the Abolition of Austria's Baby Bonus
baby bonus scheduling of conceptions timing of births policy announcement abolition effect birth complications medical intervention
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2012/10/19
We analyze the fertility and health effects resulting from the abolition of the Austrian baby bonus in January 1997. The abolition of the benefit was publicly announced about ten months in advance, cr...
Differentiation and Performance: An Empirical Investigation on the Incentive Effects of Bonus Plans
bonus payments differentiation subjective performance evaluation incentives
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2012/10/22
It is often claimed that supervisors do not differentiate enough between high and low performing employees when evaluating performance. The purpose of this paper is to study the incentive effects of t...
Profiling for Reemployment Bonus Offers
Profiling Reemployment Bonus Offers
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2009/11/5
During the 1980s, field experiments were conducted in four states to evaluate the
potential of using cash bonus offers to induce early return to work by unemployment insurance
(UI) claimants. The fi...
The Displacement Effect of Reemployment Bonus Programs
Displacement Effect Reemployment Bonus Programs
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2009/11/5
This paper explores whether reemployment bonuses--cash payments made to insured unemployed workers who find reemployment quickly--have the unintended consequence of displacing workers who are not cove...
Reemployment Incentives for Unemployment Insurance Beneficiaries:Results from the Washington Reemployment Bonus Experiment
Insurance Beneficiaries the Washington Reemployment Bonus Experiment
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2009/11/5
Unemployment insurance is intended to reduce hardship by providing labor force members with partial wage replacement during periods of involuntary unemployment. However, in performing this income main...
Evaluating Pooled Evidence from the Reemployment Bonus Experiments
Pooled Evidence Reemployment Bonus Experiments
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2009/11/5
Social experiments conducted in Pennsylvania and Washington tested the effect of offering Unemployment Insurance (UI) claimants a cash bonus for rapid reemployment. This paper combines data from the t...
Unemployment Insurance and Unemployment: Implications of the Reemployment Bonus Experiments
Unemployment Insurance Unemployment Reemployment Bonus Experiments
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2009/11/5
We translate the results of the three reemployment bonus experiments that were conducted during the 1980s into (a) impacts of a 10-percentage point increase in the Unemployment Insurance (UI) replacem...
Who gets the Reward? An Empirical Exploration of Bonus Pay and Task Characteristics
Incentive schemes bonus pay three-variate probit
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2013/10/17
Contract theory predicts that workers are remunerated based on all available unbiased individual performance measures. In the real world, measures are often biased: tasks are too complex to include al...