کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
970447 1479553 2010 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Incentive pay: Productivity, sorting, and adjacent rents
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Incentive pay: Productivity, sorting, and adjacent rents
چکیده انگلیسی

I model and empirically test the hypothesis that higher-quality workers prefer performance pay to time-rate based pay because they realize rent upon two different dimensions: Explicit and implicit rents. First, higher-quality workers are outright more productive than their lower-quality counterparts, earning them explicit rent (Curme and Stefanec, 2007). Second, these same factors of production facilitate the unobserved heterogeneity for incentive workers, earning them implicit rent because they can produce a given level of output with less effort. I find strong empirical evidence to confirm that these implicit rents exist and I measure them at 1.5–3.4 percent of average real hourly earnings.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Journal of Socio-Economics - Volume 39, Issue 2, April 2010, Pages 171–179
نویسندگان
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