The Pay Parity Matrix A Toll For Analysing The Structure of Pay
AbstractThis paper introduces a new tool for measuring relative pay within organisations, which we call the “pay parity (PP) matrix” and discusses its advantages and useful properties. The PP matrix allows us to conveniently measure, and draw inferences about, the nature of the whole remuneration schedule, such as its gradient and smoothness. We illustrate the application of the PP matrix by using data on the remuneration of academic executives. This tool has wider uses whenever matrix comparisons are involved.
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Bibliographic InfoPaper provided by The University of Western Australia, Department of Economics in its series Economics Discussion / Working Papers with number 10-16.
Length: 34 pages
Date of creation: 2010
Date of revision:
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Other versions of this item:
- Kenneth W. Clements & Izan H. Y. Izan, 2012. "The pay parity matrix − a tool for analysing the structure of pay," Applied Economics, Taylor & Francis Journals, vol. 44(34), pages 4515-4525, December.
- NEP-ALL-2010-09-18 (All new papers)
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