-
作者：Dohmen, Thomas; Falk, Armin
作者单位：Maastricht University; Maastricht University Medical Centre (MUMC); University of Bonn
摘要：This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. Subjects face the choice between a fixed and a variable payment scheme. Depending on the treatment, the variable payment is a piece rate, a tournament, or a revenue-sharing scheme. We find that output is higher in the variable-payment schemes compared to the fixed-payment scheme. This difference is largely driven by productivity sorting. In addition, different incentive schemes systemati...
-
作者：Huck, Steffen; Seltzer, Andrew J.; Wallace, Brian
作者单位：University of London; University College London; University of London; Royal Holloway University London
摘要：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 multiperiod 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-commitment case to controls with no commitment and computer-generated wages in order to examine the roles of ...
-
作者：Salant, Yuval
作者单位：Northwestern University
摘要：I study how limited abilities to process information affect choice behavior. I model the decision-making process by an automaton, and measure the complexity of a specific choice rule by the minimal number of states an automaton implementing the rule uses to process information. I establish that any choice rule that is less complicated than utility maximization displays framing effects. I then prove that choice rules that result from an optimal trade-off between maximizing utility and minimizin...
-
作者：Coibion, Olivier; Gorodnichenko, Yuriy
作者单位：William & Mary; University of California System; University of California Berkeley
-
作者：Furman, Jeffrey L.; Stern, Scott
作者单位：Boston University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
摘要：While cumulative knowledge production is central to growth, little empirical research investigates how institutions shape whether existing knowledge can be exploited to create new knowledge. This paper assesses the impact of a specific institution, a biological resource center, whose objective is to certify and disseminate knowledge. We disentangle the marginal impact of this institution on cumulative research from the impact of selection, in which the most important discoveries are endogenous...
-
作者：Goulder, Lawrence H.; Stavins, Robert N.
作者单位：Stanford University; Harvard University
-
作者：Acemoglu, Daron; Cantoni, Davide; Johnson, Simon; Robinson, James A.
作者单位：Massachusetts Institute of Technology (MIT); University of Munich; Massachusetts Institute of Technology (MIT); Harvard University; Harvard University; National Bureau of Economic Research
-
作者：Baillon, Aurelien; L'Haridon, Olivier; Placido, Laetitia
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Sorbonne Universite; Universite de Bretagne Occidentale; Hautes Etudes Commerciales (HEC) Paris; Centre National de la Recherche Scientifique (CNRS)
-
作者：Lang, Kevin; Manove, Michael
作者单位：Boston University
摘要：Using a model of statistical discrimination and educational sorting, we explain why blacks get more education than whites of similar cognitive ability, and we explore how the Armed Forces Qualification Test (AFQT), wages, and education are related. The model suggests that one should control for both AFQT and education when comparing the earnings of blacks and whites, in which case a substantial black-white wage differential emerges. We reject the hypothesis that differences in school quality b...
-
作者：Dal Bo, Pedro; Frechette, Guillaume R.
作者单位：Brown University; New York University
