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Reference Dependent Preferences and the Impact of Wage Increases on Job Satisfaction: Theory and Evidence
Grund, Christian; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2005
The impact of wage increases on job satisfaction is explored theoretically and empirically. To do this, we apply a utility function that rises with the absolute wage level as well as with wage increases. It is shown that when employees can influence their wages by exerting effort, myopic utility...
Persistent link: https://www.econbiz.de/10005822174
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Incentives and Cooperation in Firms: Field Evidence
Berger, Johannes; Herbertz, Claus; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2011
importance of individual, team, and company performance for compensation, we find a significant positive relation between the …
Persistent link: https://www.econbiz.de/10008922969
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Managerial Incentives and Favoritism in Promotion Decisions: Theory and Field Evidence
Berger, Johannes; Herbertz, Claus; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2011
mitigated by pay-for-performance incentives for managers who decide upon promotion. Second, we analyze matched employer … indeed substantially higher when managers receive performance-related pay or participate in gain sharing plans. …
Persistent link: https://www.econbiz.de/10008854767