Cuñat, Vicente (contributor); Guadalupe, Maria (contributor) - 2006
provision in a variety of ways. First, it increases the sensitivity of pay to performance. Second, it raises the return to a … the sensitivity of pay to
performance. Second, it raises the return to a promotion and increases pay inequality among … Classification: M52, L1, J31
Keywords: incentives, performance-related-pay, wage structure, wage ladders, job
turnover …