Workers’ Risk Attitude and Financial Participation
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- HOLMSTROM, Bengt, 1979. "Moral hazard and observability," LIDAM Reprints CORE 379, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Juin-Jen Chang, 2006. "Profit Sharing, Risk Sharing, and Firm Size: Implications of Efficiency Wages," Small Business Economics, Springer, vol. 27(2), pages 261-273, October.
- Christopher A. Pissarides, 1987. "Wages and Employment: A Framework for Analysis with Application to Three Policy Issues," The Economic Record, The Economic Society of Australia, vol. 63(4), pages 301-312, December.
- Oliver D. Hart, 1983. "Optimal Labour Contracts under Asymmetric Information: An Introduction," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 50(1), pages 3-35.
- Lazear, Edward P, 1986. "Salaries and Piece Rates," The Journal of Business, University of Chicago Press, vol. 59(3), pages 405-431, July.
- Booth, Alison L & Frank, Jeff, 1999. "Earnings, Productivity, and Performance-Related Pay," Journal of Labor Economics, University of Chicago Press, vol. 17(3), pages 447-463, July.
- Canice Prendergast, 2000. "What Trade-Off of Risk and Incentives?," American Economic Review, American Economic Association, vol. 90(2), pages 421-425, May.
- Cornelissen, Thomas & Heywood, John S. & Jirjahn, Uwe, 2011.
"Performance pay, risk attitudes and job satisfaction,"
Labour Economics, Elsevier, vol. 18(2), pages 229-239, April.
- Thomas Cornelißen & John S. Heywood & Uwe Jirjahn, 2008. "Performance Pay, Risk Attitudes and Job Satisfaction," SOEPpapers on Multidisciplinary Panel Data Research 136, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Blanchflower, David G & Oswald, Andrew J, 1987. "Profit Sharing--Can It Work?," Oxford Economic Papers, Oxford University Press, vol. 39(1), pages 1-19, March.
- Charles A. Holt & Susan K. Laury, 2002. "Risk Aversion and Incentive Effects," American Economic Review, American Economic Association, vol. 92(5), pages 1644-1655, December.
- Martin L. Weitzman, 1980. "Efficient Incentive Contracts," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 94(4), pages 719-730.
- Fidan Ana Kurtulus & Douglas Kruse & Joseph Blasi, 2011. "Worker Attitudes Towards Employee Ownership, Profit Sharing and Variable Pay," UMASS Amherst Economics Working Papers 2011-15, University of Massachusetts Amherst, Department of Economics.
- Julie R. Agnew & Lisa R. Anderson & Jeffrey R. Gerlach & Lisa R. Szykman, 2008. "Who Chooses Annuities? An Experimental Investigation of the Role of Gender, Framing, and Defaults," American Economic Review, American Economic Association, vol. 98(2), pages 418-422, May.
- Bengt Holmstrom, 1979.
"Moral Hazard and Observability,"
Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 74-91, Spring.
- Bengt Holmstrom, 1997. "Moral Hazard and Observability," Levine's Working Paper Archive 1205, David K. Levine.
- Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-444, June.
- repec:bla:ecorec:v:63:y:1987:i:183:p:301-12 is not listed on IDEAS
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Czaya, Axel & Matiaske, Wenzel, 2018. "Finanzielle Mitarbeiterbeteiligung in Deutschland. Gewinn- und Kapitalbeteiligung von Mitarbeitern: Eine Studie vor dem Hintergrund des Mitarbeiterkapitalbeteiligungsgesetzes und der Wirtschaftskrise ," Working Paper Forschungsförderung 111, Hans-Böckler-Stiftung, Düsseldorf.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jean-Louis Bago & Bruce Shearer, 2022. "Risk preferences and contract choices," Experimental Economics, Springer;Economic Science Association, vol. 25(5), pages 1374-1398, November.
- Stefanec, Noah Patrick, 2010. "Incentive pay: Productivity, sorting, and adjacent rents," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(2), pages 171-179, April.
- McCausland, David & Pouliakas, Konstantinos & Theodossiou, Ioannis, 2005.
"Some are Punished and Some are Rewarded: A Study of the Impact of Performance Pay on Job Satisfaction,"
MPRA Paper
14243, University Library of Munich, Germany.
- W.D. McCausland & K. Pouliakas & I. Theodossiou, 2005. "Some are Punished and Some are Rewarded: A Study of the Impact of Performance Pay on Job Satisfaction," Labor and Demography 0505019, University Library of Munich, Germany.
- Edward P. Lazear, 1995.
"Personnel Economics,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262121883, December.
- Edward P. Lazear & Paul Oyer, 2007. "Personnel Economics," NBER Working Papers 13480, National Bureau of Economic Research, Inc.
- William Bentley MacLeod & Daniel Parent, 1998. "Job Characteristics and the Form of Compensation," CIRANO Working Papers 98s-08, CIRANO.
- repec:eee:labchp:v:3:y:1999:i:pb:p:2373-2437 is not listed on IDEAS
- Michael Waldman, 2012.
"Theory and Evidence in Internal LaborMarkets [The Handbook of Organizational Economics],"
Introductory Chapters,,
Princeton University Press.
- Waldman, Michael, 2007. "Theory and evidence in internal labor markets," MPRA Paper 5113, University Library of Munich, Germany.
- Ola Kvaløy & Trond E. Olsen, 2012.
"The Rise of Individual Performance Pay,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 21(2), pages 493-518, June.
- Kvaløy, Ola & Olsen, Trond E., 2006. "The rise of individual performance pay," Discussion Papers 2006/22, Norwegian School of Economics, Department of Business and Management Science.
- Ola Kvaloy & Trond Olsen, 2007. "The Rise of Individual Performance Pay," CESifo Working Paper Series 2145, CESifo.
- Kvaløy, Ola & Olsen, Trond, 2008. "The rise of individual performance pay," UiS Working Papers in Economics and Finance 2009/3, University of Stavanger.
- Alberto Bayo-Moriones & Jose E. Galdon-Sanchez & Sara Martinez-de-Morentin, 2017.
"Performance Measurement and Incentive Intensity,"
Journal of Labor Research, Springer, vol. 38(4), pages 496-546, December.
- Bayo-Moriones, Alberto & Galdon-Sanchez, Jose Enrique & Martinez-de-Morentin, Sara, 2015. "Performance Measurement and Incentive Intensity," IZA Discussion Papers 9243, Institute of Labor Economics (IZA).
- Konstantinos Pouliakas, 2010.
"Pay Enough, Don't Pay Too Much or Don't Pay at All? The Impact of Bonus Intensity on Job Satisfaction,"
Kyklos, Wiley Blackwell, vol. 63(4), pages 597-626, November.
- Pouliakas, Konstantinos, 2010. "Pay Enough, Don't Pay Too Much or Don't Pay at All? The Impact of Bonus Intensity on Job Satisfaction," IZA Discussion Papers 4713, Institute of Labor Economics (IZA).
- Edward P. Lazear & Paul Oyer, 2012.
"Personnel Economics [The Handbook of Organizational Economics],"
Introductory Chapters,,
Princeton University Press.
- Edward P. Lazear & Paul Oyer, 2007. "Personnel Economics," NBER Working Papers 13480, National Bureau of Economic Research, Inc.
- Pouliakas, Konstantinos & Theodossiou, Ioannis, 2012. "Rewarding carrots and crippling sticks: Eliciting employee preferences for the optimal incentive design," Journal of Economic Psychology, Elsevier, vol. 33(6), pages 1247-1265.
- Cecilia Navarra & Ermanno Tortia, 2014.
"Employer Moral Hazard, Wage Rigidity, and Worker Cooperatives: A Theoretical Appraisal,"
Journal of Economic Issues, Taylor & Francis Journals, vol. 48(3), pages 707-726.
- Navarra, Cecilia & Tortia, Ermanno, 2013. "Employer moral hazard, wage rigidity and worker cooperatives: A theoretical appraisal," AICCON Working Papers 117-2013, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
- K. Pouliakas & I. Theodossiou, 2009. "Confronting Objections To Performance Pay: The Impact Of Individual And Gain‐Sharing Incentives On Job Satisfaction," Scottish Journal of Political Economy, Scottish Economic Society, vol. 56(5), pages 662-684, November.
- Greg Hallman & Jay C. Hartzell, 1999. "Optimal Compensation Contracts with Pay-For-Performance and Termination Incentives," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-053, New York University, Leonard N. Stern School of Business-.
- W. Bentley MacLeod, 1997. "Complexity, Contract and the Employment Relationship," Boston College Working Papers in Economics 342., Boston College Department of Economics.
- Aimone, Jason A. & Pan, Xiaofei, 2020. "Blameable and imperfect: A study of risk-taking and accountability," Journal of Economic Behavior & Organization, Elsevier, vol. 172(C), pages 196-216.
- Spaeter, Sandrine & Verchère, Alban, 2004.
"Aléa moral et politiques d’audit optimales dans le cadre de la pollution d’origine agricole de l’eau,"
Cahiers d'Economie et de Sociologie Rurales (CESR), Institut National de la Recherche Agronomique (INRA), vol. 71.
- Sandrine Spaeter & Alban Verchère, 2004. "Aléa moral et politiques d’audit optimales dans le cadre de la pollution d’origine agricole de l’eau," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 71, pages 5-35.
- Sandrine SPAETER & Alban VERCHERE, 2002. "Aléa moral et politiques d'audit optimales dans le cadre de la pollution d'origine agricole de l'eau," Working Papers of BETA 2002-16, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- MacLeod, W. Bentley, 1992.
"Les contrats auto-exécutoires et la théorie des institutions du marché du travail,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 68(3), pages 433-451, septembre.
- MacLeod, B.W., 1991. "Les contracts auto-executoires et la theorie des institutions du marche du travail," Cahiers de recherche 9120, Universite de Montreal, Departement de sciences economiques.
- MacLeod, B.W., 1991. "Les contracts auto-executoires et la theorie des institutions du marche du travail," Cahiers de recherche 9120, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Pedro Ortín‐Ángel & Vicente Salas‐fumás, 1998. "Agency‐Theory and Internal‐Labor‐Market Explanations of Bonus Payments: Empirical Evidence from Spanish Firms," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 7(4), pages 573-613, December.
- Bouwens, J.F.M.G. & van Lent, L.A.G.M., 2003. "Effort and Selection Effects of Incentive Contracts," Discussion Paper 2003-130, Tilburg University, Center for Economic Research.
More about this item
Keywords
Risk aversion; financial participation;JEL classification:
- J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
- M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
- J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2014-07-05 (Cognitive and Behavioural Economics)
- NEP-UPT-2014-07-05 (Utility Models and Prospect Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eve:wpaper:14-03. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Samuel Nosel (email available below). General contact details of provider: https://edirc.repec.org/data/epevrfr.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.