| Autor: |
Erling Barth, Torbjørn Hægeland, Oddbjørn Raaum, Bernt Bratsberg |
| Rok vydání: |
2011 |
| Předmět: |
|
| Zdroj: |
Oxford Bulletin of Economics and Statistics. 74:327-362 |
| ISSN: |
0305-9049 |
| DOI: |
10.1111/j.1468-0084.2011.00656.x |
| Popis: |
Theory predicts that performance pay boosts wage dispersion. Workers retain a share of individual productivity shocks and high-efficiency workers receive compensation for greater effort. Collective bargaining can mitigate the effect of performance pay on wage inequality by easing monitoring of common effort standards and group-based pay schemes. Analyses of longitudinal employer–employee data show that the introduction of performance-related pay raises wage inequality in non-union firms, but not in firms with high union density. Although performance-related pay appears to be on the rise, the overall impact on wage dispersion is likely to be small, particularly in European countries with influential unions. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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