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Paying for performance: incentive pay schemes and employees’ financial participation

Bryson, Alex, Freeman, Richard B., Lucifora, Claudio, Pellizzari, Michele and Perotin, V (2013) Paying for performance: incentive pay schemes and employees’ financial participation. In: Boeri, Tito, Lucifora, Claudio and Murph, Kevin J., (eds.) Executive Remuneration and Employee Performance-Related Pay. Oxford University Press, Oxford, UK, pp. 122-123. ISBN 9780199669806

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Abstract

The chapter introduces the main issues raised by the second section of the book. First, the authors argue that, in recent years, a growing proportion of firms introduced incentive pay schemes. Moreover, the economic recession has increased interest in firm practices that may improve performance and employment, and in public policies to promote such practices. Most studies have suggested that performance-related pay schemes are usually associated with improved employee productivity. In particular, the book focuses on a new wave of studies that have used company-specific data, with credible identification strategies, to investigate the effects of the introduction of performance-related schemes. The chapter also addresses the topic of a renewed interest in incentive systems that go beyond short-term effort and give employees a stake in the long-term prospects of the firm.

Item Type: Book Section
Official URL: http://www.oxfordscholarship.com/view/10.1093/acpr...
Additional Information: © 2013 Oxford University Press
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
JEL classification: D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions
J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J33 - Compensation Packages; Payment Methods
Sets: Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 23 Jul 2013 16:01
Last Modified: 20 Jun 2019 23:16
URI: http://eprints.lse.ac.uk/id/eprint/51169

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