{"title":"扁平等级中的运气:工资、奖金和噪音","authors":"John G. Sessions, John D. Skåtun","doi":"10.1111/1475-4932.12701","DOIUrl":null,"url":null,"abstract":"<p>We study bonuses in a flat hierarchy and find effort optimality to be violated within a two worker-type model with noisy performance indicators. Dedicated workers extract informational rents from firms whilst slack worker effort is inefficiently low. Whilst increases in measurement noise reduce the supply-side effort effects of bonuses, they also induce demand-side responses from firms seeking to counteract falling worker exertion by increasing bonuses. Our model helps to explain empirical observations that bonuses are more prevalent and larger in jobs with noisy environments, such as within the financial sector.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"98 323","pages":"373-391"},"PeriodicalIF":1.1000,"publicationDate":"2022-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Luck in a Flat Hierarchy: Wages, Bonuses and Noise\",\"authors\":\"John G. Sessions, John D. Skåtun\",\"doi\":\"10.1111/1475-4932.12701\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>We study bonuses in a flat hierarchy and find effort optimality to be violated within a two worker-type model with noisy performance indicators. Dedicated workers extract informational rents from firms whilst slack worker effort is inefficiently low. Whilst increases in measurement noise reduce the supply-side effort effects of bonuses, they also induce demand-side responses from firms seeking to counteract falling worker exertion by increasing bonuses. Our model helps to explain empirical observations that bonuses are more prevalent and larger in jobs with noisy environments, such as within the financial sector.</p>\",\"PeriodicalId\":47484,\"journal\":{\"name\":\"Economic Record\",\"volume\":\"98 323\",\"pages\":\"373-391\"},\"PeriodicalIF\":1.1000,\"publicationDate\":\"2022-10-21\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economic Record\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/1475-4932.12701\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Record","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1475-4932.12701","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Luck in a Flat Hierarchy: Wages, Bonuses and Noise
We study bonuses in a flat hierarchy and find effort optimality to be violated within a two worker-type model with noisy performance indicators. Dedicated workers extract informational rents from firms whilst slack worker effort is inefficiently low. Whilst increases in measurement noise reduce the supply-side effort effects of bonuses, they also induce demand-side responses from firms seeking to counteract falling worker exertion by increasing bonuses. Our model helps to explain empirical observations that bonuses are more prevalent and larger in jobs with noisy environments, such as within the financial sector.
期刊介绍:
Published on behalf of the Economic Society of Australia, the Economic Record is intended to act as a vehicle for the communication of advances in knowledge and understanding in economics. It publishes papers in the theoretical, applied and policy areas of economics and provides a forum for research on the Australian economy. It also publishes surveys in economics and book reviews to facilitate the dissemination of knowledge.