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Matchmaking: the influence of monitoring environments on the effectiveness of performance pay systems

Belfield, Richard; Marsden, David - London School of Economics (LSE) - 2002

influences on the relationship between performance-related pay (PRP) and organizational performance. While it finds strong … evidence that the use of PRP can enhance performance outcomes, it also determines that this relationship is qualified by the … carry no performance penalty. …

Persistent link: https://www.econbiz.de/10010746416

Does performance pay de-motivate, and does it matter?

French, Stephen; Kubo, Katsuyuki; Marsden, David - London School of Economics (LSE) - 2001

based on the first large scale survey designed to measure the effects of performance related pay on a) employee motivation … and work behaviour across the British public services; and b) workplace performance. The latter uses an index of … organisational performance based on line-manager judgements. While there is evidence of a clear incentive effect for those gaining …

Persistent link: https://www.econbiz.de/10010746440

Effort and comparison income: experimental and survey evidence

Clark, Andrew E.; Masclet, David; Villeval, Marie-Claire - London School of Economics (LSE) - 2008

This paper considers the effect of status or relative income on work effort, combining experimental evidence from a gift-exchange game with the analysis of multi-country ISSP survey data. We find a consistent negative effect of others’ incomes on individual effort in both datasets. The...

Persistent link: https://www.econbiz.de/10010746495

The economic basis of social class

Goldthorpe, John H.; McKnight, Abigail - London School of Economics (LSE) - 2004

In this paper we adopt a theory of class positions based on employment relations to assess what implications individuals¿ class positions have for their economic life. In particular we consider economic security (the risk of unemployment), economic stability (the variability component in...

Persistent link: https://www.econbiz.de/10011125923

Are firms paying more for performance?

Bryson, Alex; Forth, John; Stokes, Lucy - London School of Economics (LSE) - 2014

Despite its potential to raise productivity, performance-related-pay (PRP) is not widespread in market …

Persistent link: https://www.econbiz.de/10011126062

Optimal contracting and the organization of knowledge

Fuchs, William; Garicano, Luis; Rayo, Luis - London School of Economics (LSE) - 2014

We study contractual arrangements that support an efficient use of time in a knowledge-intensive economy in which agents endogenously specialize in either production or consulting. The resulting market for advice is plagued by informational problems, since both the difficulty of the questions...

Persistent link: https://www.econbiz.de/10011126635

When workers share in profits: effort and responses to shirking

Freeman, Richard B. - London School of Economics (LSE) - 2008

on the performance of their firm or work group in the US and advanced European countries and on the impact of sharing …

Persistent link: https://www.econbiz.de/10011071296

How does shared capitalism affect economic performance in the UK?

Bryson, Alex; Freeman, Richard - London School of Economics (LSE) - 2008

Relations Survey to examine the operation of shared capitalist forms of pay – profit-sharing and group pay for performance …

Persistent link: https://www.econbiz.de/10011071338

How does product market competition shape incentive contracts?

Cuñat, Vicente; Guadalupe, Maria - London School of Economics (LSE) - 2005

product market competition increases the performance pay sensitivity of compensation schemes, in particular for executives. …

Persistent link: https://www.econbiz.de/10011071481

Consumption and savings with unemployment risk: implications for optimal employment contracts

Pissarides, Christopher - London School of Economics (LSE) - 2002

This paper derives optimal employment contracts when workers are risk averse and there are employment and unemployment risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment contracts offer severance compensation to smooth...

Persistent link: https://www.econbiz.de/10010928803