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This paper considers a real business cycle model with labor search frictions where two types of incentive pay are explicitly introduced following the insights from the mi[...]
2015 | Text | Staff Working Paper - Document de travail du personnel |
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Why do firms pay their workers with variable pay? The standard explanation appeals to a problem that the worker faces, e.g., agency. We develop a model of variable pay en[...]
2019 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
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According to the rent-extraction hypothesis, weak corporate governance allows entrenched CEOs to capture the pay-setting process and benefit from events outside of their [...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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The Bank of Canada conducted a Wage Setting Survey with a sample of 200 private sector firms from mid-October 2007 to May 2008. Results indicate that wage adjustments for[...]
2013 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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