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Has performance pay increased wage inequality in Britain?

Mark, Bryan; Bryson, Alex - London School of Economics (LSE) - 2015

Using data from the British Household Panel Survey (BHPS) we show performance pay (PP) increased earnings dispersion among men and women, and to a lesser extent among full-time working women, in the decade of economic growth which ended with the recession of 2008. PP was also associated with...

Persistent link: https://www.econbiz.de/10011266094

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

Team incentives: evidence from a firm level

Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - London School of Economics (LSE) - 2013

composition. We present evidence from a field experiment designed to evaluate the impact of rank incentives and tournaments on the … productivity and composition of teams. Strengthening incentives, either through rankings or tournaments, makes workers more likely … incentives only reduce the productivity of teams at the bottom of the productivity distribution, and monetary prize tournaments …

Persistent link: https://www.econbiz.de/10011125956

Who posts performance bonds and why?: evidence from China's CEOs

Bryson, Alex; Forth, John; Zhou, Minghai - London School of Economics (LSE) - 2014

Communist Party ranks, were promoted via tournaments, and run larger firms, findings consistent with using bonds as an incentive …

Persistent link: https://www.econbiz.de/10011126044

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-oriented economies. Furthermore, despite secular changes conducive to its take-up, there is mixed evidence as to whether it has become more prominent over time. Ours is the first paper to...

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

Employee stock purchase plans – gift or incentive? evidence from a multinational corporation

Bryson, Alex; Freeman, Richard B. - London School of Economics (LSE) - 2014

Many large listed firms offer workers the opportunity to buy shares in the firm at discounted rates through employee stock purchase plans (ESPP). The discounted rate creates a gift exchange, where the firm hopes that workers who accept the gift reciprocate with greater loyalty and effort. But...

Persistent link: https://www.econbiz.de/10011126459

No margin, no mission?: a field experiment on incentives for pro-social tasks

Ashraf, Nava; Bandiera, Oriana; Jack, Kelsy - London School of Economics (LSE) - 2012

A substantial body of research investigates the design of incentives in firms, yet less is known about incentives in organizations that hire individuals to perform tasks with positive social spillovers. We conduct a field experiment in which agents hired by a public health organization are...

Persistent link: https://www.econbiz.de/10011126557

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

Share capitalism and worker wellbeing

Bryson, Alex; Clark, Andrew E.; Freeman, Richard B.; … - London School of Economics (LSE) - 2015

We show that worker wellbeing is not only related to the amount of compensation workers receive but also how they receive it. While previous theoretical and empirical work has often been pre-occupied with individual performance-related pay, we here demonstrate a robust positive link between the...

Persistent link: https://www.econbiz.de/10011183323

Teachers and performance pay in 2014: first results of a survey

Marsden, David - London School of Economics (LSE) - 2015

From the autumn of 2014, a new performance pay scheme was introduced for school teachers in England and Wales. It makes pay progression for all teachers dependent upon their performance as evaluated by their line managers by means of performance appraisals. This paper reports the results of a...

Persistent link: https://www.econbiz.de/10011188980