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This paper analyzes compensation schemes which pay according to an individual's ordinal rank in an organization rather than his output level. When workers are risk neutral, it is shown that wages based upon rank induce the same efficient allocation of resources as an incentive reward scheme based on individual output levels. Under some circumstances, risk-averse workers actually prefer to be paid on the basis of rank. In addition, if workers are heterogeneous inability, low-quality workers attempt to contaminate high-quality firms, resulting in adverse selection. However, if ability is known in advance, a competitive handicapping structure exists which allows all workers to compete efficiently in the same organization.
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Compensation management --- Employee motivation --- Performance --- Wages
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Liability (Law) --- Compensation (Law) --- Criminal liability
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Law of obligations. Law of contract --- Germany --- Compensation (Law) --- Damages --- Torts
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Rose-Croix --- le cosmique --- alchimie mentale --- aide cosmique --- la loi de compensation --- la tare secrète --- la table ronde
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Personnel management --- Human capital --- -Wages --- -Labor supply --- -Wage differentials --- -Differentials, Wage --- Wages --- Labor force --- Labor force participation --- Labor pool --- Work force --- Workforce --- Labor market --- Labor mobility --- Manpower --- Manpower policy --- Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Working class --- Income --- Labor costs --- Compensation management --- Cost and standard of living --- Prices --- Human assets --- Human beings --- Human resources --- Capital --- Labor supply --- Mathematical models --- Economic value --- Wage differentials --- Mathematical models. --- -Mathematical models --- Differentials, Wage
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Labour market --- Economic conditions. Economic development --- Mining industry --- Zambia --- Zambie --- Mine, --- Économie --- --Copper miners --- Copper industry and trade --- Wages --- 5907 --- Copper miners --- Economic conditions --- -Copper miners --- -Wages --- -Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Working class --- Income --- Labor costs --- Compensation management --- Cost and standard of living --- Prices --- Miners --- Metal trade --- -Economic conditions --- -Copper industry and trade --- -Zambia --- -Labour market --- --Mine, --- Copper miners - Zambia --- Copper industry and trade - Zambia --- Wages - Copper miners - Zambia --- Zambia - Economic conditions - 1964
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Money. Monetary policy --- Russian Federation --- Wage-price policy --- Inflation (Finance) --- Wages --- Salaires --- CSR / Czechoslovakia - Tsjechoslowakije - Tchecoslovaquie --- 336.748.12 --- SU / Soviet Union - Ussr - Urss --- -HU / Hungary - Hongarije - Hongrie --- -PL / Poland - Polen - Pologne --- 333.841 --- -332.27 --- Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Working class --- Income --- Labor costs --- Compensation management --- Cost and standard of living --- Prices --- Incomes policy --- Jawboning --- Price-wage policy --- Wage-price controls --- Wage-price guidelines --- Anti-inflationary policies --- Economic policy --- Finance --- Natural rate of unemployment --- Algemeen prijsniveau. Prijsindex. Prijsstijging --- Inflatie. --- Loonpolitiek. --- 336.748.12 Algemeen prijsniveau. Prijsindex. Prijsstijging --- Russia --- 332.27 --- HU / Hungary - Hongarije - Hongrie --- PL / Poland - Polen - Pologne --- Loonpolitiek --- Inflatie
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Law of obligations. Law of contract --- Netherlands --- 347.43 <492> --- Compensation (Law) --- -Verbintenissen: einde. Tenietgaan van verbintenissen. Betaling. Schuldvernieuwing. Compensatie--Nederland --- -347.43 <492> Verbintenissen: einde. Tenietgaan van verbintenissen. Betaling. Schuldvernieuwing. Compensatie--Nederland --- Verbintenissen: einde. Tenietgaan van verbintenissen. Betaling. Schuldvernieuwing. Compensatie--Nederland --- 347.43 <492> Verbintenissen: einde. Tenietgaan van verbintenissen. Betaling. Schuldvernieuwing. Compensatie--Nederland
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Pensions --- Social security --- -09.06.b --- Insurance, Social --- Insurance, State and compulsory --- Social insurance --- Insurance --- Income maintenance programs --- Compensation --- Pension plans --- Retirement pensions --- Superannuation --- Retirement income --- Annuities --- Social security individual investment accounts --- Vested benefits --- Sociale verzekering ; Oostenrijk ; Pensioenen --- 09.06.b --- Pensions - Austria. --- Social security - Austria.
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