LT Topic 2: Incentive Pay Flashcards by T L

Q

How does employers monitor effort?

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Q

Piece rate vs time rate

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Piece rate model

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Q

Graph: piece rate job with different ability

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Q

Utility of workers under piece rate and time rate

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Q

Piece rate job: utility-ability diagram

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Q

Does high/ability workers prefer piece rate/time rate job?

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Q

What kind of job offers piece rate and time rate job?

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Q

Piece rate vs time rate - empirical evidence

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Q

Theory prediction - piece rate vs time rate empirical evidence

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Q

Findings of piece rate vs time rate - empirical evidence

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Q

CEO compensation

A

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Q

CEO compensation - empirical studies

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CEO compensation - empirical study findings

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Q

CEO compensation with strong governance

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Q

CEO compensation with weak governance

A

Q

CEO compensation - empirical study

A

Q

CEO compensation and risk

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CEO compensation - tournament

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Q

CEO compensation - tournaments

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Q

Linking wages to workers’ output - summary

A

Q

Piece rate - problem

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Q

Tournaments - problems

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Q

Alternatives of incentive pay

A

Dual-labour market model

Dual-labour market model - utility of workers

Dual-labour market model - utility of primary and secondary market workers

Dual-labour market model: equations

Dual-labour market model - Implications

Dual-labour market model - implications

Empirical evidence - job queues

Empirical evidence - monitoring cost

Explain Bonding critique

Problems with bonding critique

Back-loaded wages

Back-loaded wages diagram

\*\*Back-loaded wages and post-school human capital

Back-loaded wages empirical evidence

Efficiency wages and back-loaded wages - Summary