What Are the Factors Behind Pay Settlements? Evidence from Spanish and British Data
AbstractThis article presents a study of the determinants of pay settlements in a sample of Spanish and British establishments. We find that variables such as establishment size and age, foreign ownership, labour costs, the existence of internal labour markets, a strategic approach to human resource management and pay setting institutions are related to the factors that shape pay adjustments. Moreover, our findings show that there are significant differences in the determinants of pay settlements between Spain and Great Britain. We suggest that the labour market institutions developed in each country influence pay setting decisions.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 3401.
Length: 38 pages
Date of creation: Mar 2008
Date of revision:
Publication status: published as 'The Determinants of Pay Settlements. The Influence of the National Context' in: The International Journal of Human Resource Management, 2013, 24 (3), 579-600
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Find related papers by JEL classification:
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-04 (All new papers)
- NEP-EEC-2008-04-04 (European Economics)
- NEP-LAB-2008-04-04 (Labour Economics)
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