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impact on earnings. There is a large gender wage gap: women (who make up 8.8% of our sample) earned average salaries of $168 … heterogeneity. In contrast to executives, the salaries of non-executive board members do not display a significant gender wage gap …
Persistent link: https://www.econbiz.de/10009351518
on wage inequality. I develop a simple model in which an increase in product market competition increases returns to …
Persistent link: https://www.econbiz.de/10005666700
Standard estimates of earnings profiles ignore the fact that, with unobserved heterogeneity, cross-section evidence need not reflect the `true' relationship between earnings and tenure. In this paper we argue that the observation of the position filled by an employee in the firm hierarchy is...
Persistent link: https://www.econbiz.de/10005791889
This paper uses detailed information from a large wage survey in 2006 to analyze the gender wage gap in the performance … is determined in a more competitive fashion than the other wage components, one would expect, in principle, to find a low …
Persistent link: https://www.econbiz.de/10008554226
Performance-related pay has been much advocated by governments as a means of promoting labour market flexibility and generating higher productivity. The UK government has been in th lead in providing incentives for profit-related pay, one particular form of performance-related pay (PRP). This...
Persistent link: https://www.econbiz.de/10004971392
Future wage payments drive a wedge between total firm output and the output share received by the firm’s owners, thus … this perspective is a broad-based option plan. Broad-based option pay minimizes the firm’s expected future wage payments in … precisely those states of nature where, e.g., a high fixed wage would lead the firm’s owners to inefficiently exit. …
Persistent link: https://www.econbiz.de/10005136475
paying higher wages to enjoy non-pecuniary private benefits such as lower effort wage bargaining and improved social …
Persistent link: https://www.econbiz.de/10005067445
-unionized workplaces. The data distinguish workers who are covered by incremental wage scales with automatic progression by seniority. For … union workers with seniority scales, the union wage differential increases with seniority. This is not the case for union …
Persistent link: https://www.econbiz.de/10005656195
This paper uses the British Household Panel Survey to investigate when seniority is rewarded by automatic incremental scales. Scales are seen as an alternative to individual merit pay. They are likely to be used when individual productivity is hard to measure, when firms provide all workers with...
Persistent link: https://www.econbiz.de/10005656227
This paper studies multi-agent optimal contracting with cost synergies. We model synergies as the extent to which effort by one agent reduces his colleague's marginal cost of effort. An agent's pay and effort depend on the synergies he exerts, the synergies his colleagues exert on him and,...
Persistent link: https://www.econbiz.de/10011083428