The Economics of The Office
Learning economics from the world's best boss
Search Committee Part 1
The office puts together a search committee to hire a new boss. One candidate (played by Warren Buffet), negotiates for a higher wage and then asks about job perks. A good example of bargaining and the principal-agent problem that arises in the workplace.
Season 7 Episode 24 "Search Committee"
Wage Level and Structure (J31) Compensation Packages (J33)
Commission Cap Part 1
Jim loses his incentive to work when corporate institutes a cap on commissions.
Season 7 Episode 9 "WUPHF.com"
Microeconomic Behavior: Underlying Principles (D01) Compensation Packages (J33) Wage Level and Structure (J31)
Commission Cap Part 2
After Jim loses his incentive to sell, he looks for other ways to fill his time. A good example of incentives.
Season 7 Episode 9 "WUPHF.com"
Microeconomic Behavior: Underlying Principles (D01) Wage Level and Structure (J31) Compensation Packages (J33)
Commission Cap Part 3
After Jim loses his incentive to sell, he starts bothering his colleagues looking for ways to kill time.
Season 7 Episode 9 "WUPHF.com"
Microeconomic Behavior: Underlying Principles (D01) Wage Level and Structure (J31) Compensation Packages (J33)
Commission Cap Part 4
After Jim loses his incentive to sell, he pranks Gabe.
Season 7 Episode 9 "WUPHF.com"
Microeconomic Behavior: Underlying Principles (D01) Wage Level and Structure (J31) Compensation Packages (J33)
Halloween
This is a great example of how efficiency wages help minimize employee turnover. Dwight is willing to work for whoever “most values his loyalty!”
Season 2 Episode 4 "Halloween"
Wage Level and Structure (J31)
