. The effects were predominantly associated with a broad measure of PP that included bonuses. However, these effects were …

of bonus payments in the 2000s. We decompose the share of the total wage bill accounted for by bonuses into the shares of … base pay within the PRP sector. We show that there was some growth in the share of total pay accounted for by bonuses in …, the movements in the gearing of bonuses to base pay in the economy at large are heavily influenced by changes in the …

we focus on annual earnings as opposed to weekly wages (where most work has concentrated). This is because annual wages … include bonuses. By the end of the decade to 2008, the top tenth of earners received £20bn more purely due to the increase in …