منابع مشابه
Using deferred compensation to strengthen the ethics of financial regulation
Defects in the corporate governance of government-owned enterprises tempt opportunistic officials to breach duties of public stewardship. Corporate-governance theory suggests that incentive-based deferred compensation could intensify the force that common-law duties actually exert on regulatory managers. In principle, a forfeitable fund of deferred compensation could be combined with provisions...
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Costs of insuring against work-related injuries and diseases have escalated rapidly since 1972; growing variation in premiums among States over the same period may indicate unequal rates of improvement in workers' compensation laws.
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The necessity of compensating people negatively affected by conservation and other development projects has been widely acknowledged. It is less widely acknowledged that because conventional compensation assessments focus on material resources and their economic equivalents, many important losses incurred by resettlers are invisible to project authorities. Through ethnographic observations and ...
متن کاملDeferred Compensation and Gift Exchange: An Experimental Investigation into Multi-Period Labor Contracts
This paper examines the relationship between firms’ wage offers and workers’ supply of effort using a three-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred compensation increases worker effort; ...
متن کاملDeferred Compensation in Multi-Period Labor Contracts: An Experimental Test of Lazear’s Model
This paper provides the first experimental test of Edward Lazear’s (1979) model of deferred compensation. We examine the relationship between firms’ wage offers and workers’ effort supply in a multi-period environment. If firms can ex ante commit to a wage schedule with deferred compensation, workers should respond by supplying sufficient effort to avoid dismissal. We contrast this full-commitm...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2019
ISSN: 1556-5068
DOI: 10.2139/ssrn.3429803