Pouliakas, Konstantinos - Institute for the Study of Labor (IZA) - 2010
association between the intensity of incentive pay, the dynamic change in bonus status and the utility derived from work. After … controlling for individual heterogeneity biases, it is shown that job utility rises only in response to 'generous' bonus payments …, primarily in skilled, non-unionized, private sector jobs. Revoking a bonus from one year to the next is found to have a …