Agency Theory and Work from Home
| Autor: | Dustin R. White |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Work from home
media_common.quotation_subject 05 social sciences Geography Planning and Development Wage Principal–agent problem Variance (accounting) Census American Community Survey Falling (accident) 0502 economics and business Economics medicine Demographic economics 050207 economics medicine.symptom 050205 econometrics Demography media_common |
| Zdroj: | LABOUR. 33:1-25 |
| ISSN: | 1121-7081 |
| DOI: | 10.1111/labr.12135 |
| Popis: | Wages for individuals working from home have converged toward, and even exceeded, those of office‐workers. I argue that these changes are driven by the ability of firms to monitor employees working from home. Using American Community Survey and Census data spanning 1980–2014, I find wage differentials have shifted from a 26 per cent penalty in 1980 to a 5 per cent premium in 2014. Furthermore, I find that higher wage variance (44 per cent greater in 1980) for home‐workers disappears by 2013. Changes in variance suggest that the falling cost of monitoring employee effort has made it less costly for firms to allow work from home. These findings support agency theory as a driver of the changes in wages and wage structure for individuals working from home. |
| Databáze: | OpenAIRE |
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