Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061577 | Economics Letters | 2010 | 4 Pages |
Abstract
Making use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and substantial negative impact on the probability that an employee's pay is performance contingent, which confirms the well known risk-incentive trade-off.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Christian Grund, Dirk Sliwka,