Personnel Economics: Performance

ability agency theory average bonus bonuses CEO pay CEO's change in shareholder coefficient column corporate cycle David Metcalf dependent variable differences dummy variable earnings efficiency wage hypothesis efficiency wage theories empirical establishments estimated evidence executive compensation executive pay executive share options financial participation financial performance firm performance five-dollar day fixed effects Forbes Ford growers helping efforts hourly wage hypothesis increase individual jockeys Journal of Political Labor Labor Economics Lazear LRPE managerial managers mance measure median method of pay monitoring month moral hazard Murphy negative observations occupations output pay and performance pay-performance sensitivity percent period piece rates piece-rate players positive predictions principal-agent problem prize money productivity profit sharing quotas recruiters regression reported reward Royal Economic Society salary sample shareholder wealth significant stock options suggests Table Task variety tenure tion tournament theory turnover workers