The Choice of Payment Schemes: Australian Establishment Data
AbstractThis paper estimates the determinants of incentive schemes. Using Australian data, we analyze a relatively large variety of incentive systems (i.e., individual piece rates, workgroup performance bonuses, workplace level systems and profit sharing) using both the new economics of personnel and the literature on strategic choice to generate hypotheses. We find that monitoring issues, job security, product market competition, and the industrial relations climate rank among the most crucial determinants of incentive use, though this pattern varies across incentive schemes.
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Bibliographic InfoPaper provided by EconWPA in its series Labor and Demography with number 9402001.
Date of creation: 02 Feb 1994
Date of revision: 04 Feb 1994
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Other versions of this item:
- Robert W Drago & John S. Heywood, 1995. "The Choice of Payment Schemes: Australian Establishment Data," Working papers _006, University of Wisconsin - Milwaukee.
- J - Labor and Demographic Economics
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- Dale Belman & John Heywood, 1988. "Incentive schemes and racial wage discrimination," The Review of Black Political Economy, Springer, vol. 17(1), pages 47-56, June.
- Garen, John E, 1985. "Worker Heterogeneity, Job Screening, and Firm Size," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 715-39, August.
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- Gregg, P. A & Machin, S. j, 1987. "Unions and the Incidence of Performance Linked Pay Schemes in Britain," The Warwick Economics Research Paper Series (TWERPS) 286, University of Warwick, Department of Economics.
- Oliver Hart & Bengt Holmstrom, 1986. "The Theory of Contracts," Working papers 418, Massachusetts Institute of Technology (MIT), Department of Economics.
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