SAVING INCENTIVES FOR LOW- AND MIDDLE-INCOME FAMILIES: EVIDENCE FROM A FIELD EXPERIMENT WITH H&R BLOCK* ESTHER DUFLO WILLIAM GALE JEFFREY LIEBMAN PETER ORSZAG EMMANUEL SAEZ We analyze a randomized experiment in which 14‚000 tax filers in H&R Block offices in St. Louis received matches of zero‚ 20 percent‚ or 50 percent of IRA contributions. Take-up rates were 3 percent‚ 8 percent‚ and 14 percent‚ respectively. Among contributors‚ contributions‚ excluding the match‚ averaged $765 in the control group
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Payment of Gratuity The Payment of Gratuity Act 1972 is a social security enactment. It is derived from the word ‘gratuitous’‚ which means ‘gift’ or ‘present’. However‚ having being enacted as a social security form‚ it ceases to retain the concept of a gift but it has to be seen as a social obligation by an employer towards his employee. Applicability The Payment of Gratuity Act 1972 applies to the whole of India but it does not apply to the State of Jammu and Kashmir. It applies to employees
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JULY 20‚ 2006 BRIAN J. HALL Incentives within Organizations Incentives are ubiquitous. Moment to moment‚ people take actions that provide immediate rewards and that they hope will lead to future rewards. They avoid actions that are unpleasant or that will be punished. Of course‚ this does not imply that all behavior is purposeful; people are sometimes illogical‚ misguided‚ or prone to bad habits. But purposeful behavior—responding to incentives—is pervasive. Incentives are virtually always important
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Incentive Parameters for Salesmen in leading FMCG Companies The Fast Moving Consumer Goods (FMCG) industry is one among the fast growing industries with consumers everywhere. Fast Moving consumer goods or consumer packaged goods are products that are sold quickly at relatively low cost. Though the absolute profit made on FMCG products is relatively small‚ they are generally sold in large quantities‚ and so the cumulative profit on such products can be substantial. Salesmen play a critical role
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Efficient risk bearing hints that it is better to give employees fixed salaries‚ while incentive considerations lead to the conclusion that it is better to tie pay to performance. (Brickley‚ Smith‚ and Zimmerman‚ 2009). Thus a well-designed compensation plan should be able to reflect the trade-offs between these two. Employees typically are risk-aversion. They do not have full control over their outputs. In addition to employee efforts‚ the overall performance of the company greatly depends on random
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Abstract Quality of Customer Service becomes critical for company’s success on the market. If planed properly‚ incentive pay plans may increase customer service representatives’ interest to providing better service to the customer. Specifics of Customer Service brings its difficulties to setting standards for quantity and quality measuring of the Customer Service productivity‚ as basics of incentive pay determination. Customer Service definition and role in the business. Customer Service topic is both
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When differentiating the two concepts of "command and control" and the "incentive system‚ it is evident that the incentive system is much better in the long run in terms of regulating financial industries such as banks. The command and control system punishes offenders‚ which sounds terrific in retrospect‚ considering all of the scandalous activities that have gone down in the past. However‚ punishing them may do more harm than what rewarding them will do. By having the government set goals for financial
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I once read a book called The Vanishing Acts by Jodi Picoult. In the story‚ the main character’s name is Delia Hopkins. The whole world revolves around Delia; every character‚ every detail‚ every setting is a small puzzle piece added to the story that illustrates her life. No matter how profound each individual piece may be‚ they all exist solely to serve Delia. While reading‚ I found myself asking‚ “Well‚ why does it have to be this way? Why can’t the story be one that all the character share together
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Patents Act‚ 1970 Patents Act‚ 1970 is designed to protect inventions in respect of manufacture‚ machine or process of manufacture. On the other hand‚ the Copyright Act‚ 1957 is to protect rights of artists‚ authors‚ producers of films‚ computer software owners etc. Patent is an exclusive rights granted to the patent holder‚ for a limited period‚ as a reward for creative work based on his private initiative. ‘Creativity’ is accorded the status of ‘property’ which can be bought‚ sold‚ licensed or
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THE MONOPOLISTIC AND RESTRICTIVE TRADE PRACTICES ACT‚ 1969(MRTP ACT) The Monopolies and Restrictive Trade Practices bill was introduced by the Rajya Sabha in 1967 and drastic changes were made by the Joint parliamentary committee. It was finally passed in the house in on 18 December 1969 and got president’s assent on December 27‚ 1969‚ but was brought in force from June 1‚ 1970. The directive principles of our constitution suggest that ownership and control of material resources should be widely
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