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Can Money Change Who We Are? Estimating the Effects of Unearned Income on Measures of Incentive-Enhancing Personality Traits
noncognitive skills personality traits lottery winners instrumental variables unearned income
2012/10/19
The importance of noncognitive childhood skills in predicting higher wages is well documented in economics. This paper studies the reverse. Using surveys of lottery winners, we analyze the effects of ...
Differentiation and Performance: An Empirical Investigation on the Incentive Effects of Bonus Plans
bonus payments differentiation subjective performance evaluation incentives
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...
We study effects of a firm's attempt to optimize an existing incentive scheme to increase sales growth for direct store delivery workers. Before optimization workers reported Ratchet Effects that lowe...
Incentive Effects of Risk Pooling, Redistributive and Savings Arrangements in Unemployment Benefit Systems: Evidence from a Job-Search Model for Brazil
social protection unemployment insurance labor market transitions job-search models structural estimations
2012/11/1
We develop a model of job search and use it to assess the effects that the Brazilian unemployment benefit system has on exit rates from unemployment. In our setup, unemployed workers receive job offer...
Can Higher Bonuses Lead to Less Effort? Incentive Reversal in Teams
incentives incentive reversal team production externalities laboratory experiments personnel economics
2012/11/1
Conventional wisdom suggests that an increase in monetary incentives should induce agents to exert higher effort. In this paper, however, we demonstrate that this may not hold in team settings. In the...
State and local competition for business expansions and new plants has grown fierce.
Governments are offering businesses a wider variety of incentives!anot only property ta
abatements, but wage subs...