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Feedback and incentives : experimental evidence

Eriksson, Tor (contributor); Poulsen, Anders (contributor); … - 2008

This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through … off. Moreover, in both pay schemes information feedback reduces the quality of the low performers' work. -- Performance …

Persistent link: https://www.econbiz.de/10003688788

Self-selection and the efficiency of tournaments

Eriksson, Tor (contributor); Teyssier, Sabrina (contributor) - 2006

When exogenously imposed, rank-order tournaments have incentive properties but their overall efficiency is reduced by a high variance in performance (Bull, Schotter, and Weigelt 1987). However, since the efficiency of performance-related pay is attributable both to its incentive effect and to...

Persistent link: https://www.econbiz.de/10003283430

Performance pay and within-firm wage inequality

Barth, Erling; Bratsberg, Bernt; Haegeland, Torbjørn; … - 2009

This paper examines the impact of performance-related pay on wage differentials within firms. Our theoretical framework predicts that, compared to a fixed pay system, pay schemes based on individual output increase within-firm wage inequality, while group-based bonuses have minor effects on wage...

Persistent link: https://www.econbiz.de/10003831899

Has performance pay increased wage inequality in Britain?

Bryan, Mark L.; Bryson, Alex - 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/10010510596

Who pays for performance?

Barth, Erling; Bratsberg, Bernt; Haegeland, Torbjørn; … - 2006

Using Norwegian establishment surveys from 1997 and 2003, we show that performance-related pay is more prevalent in firms where workers of the main occupation have a high degree of autonomy in how to organize their work. This observation supports an interpretation of incentive pay as motivated...

Persistent link: https://www.econbiz.de/10003328059

Effort and comparison income : experimental and survey evidence

Clark, Andrew E. (contributor); Masclet, David (contributor) - 2006

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

Persistent link: https://www.econbiz.de/10003333113

The performance pay premium : how big is it and does it affect wage dispersion?

Bryson, Alex; Forth, John; Stokes, Lucy - 2014

Using nationally representative linked employer-employee data we find one-quarter of employees in Britain are paid for performance. The log hourly wage gap between performance pay and fixed pay employees is .36 points. This falls to .15 log points after controlling for observable demographic,...

Persistent link: https://www.econbiz.de/10010387706

Share capitalism and worker wellbeing

Bryson, Alex; Clark, Andrew E.; Freeman, Richard B.; … - 2014

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/10010458483

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

Bryson, Alex; Freeman, Richard B. - 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/10010414209

Footsie, yeah! : share prices and worker wellbeing

Bryson, Alex; Clark, Andrew E.; Green, Colin - 2021

A small literature has shown that individual wellbeing varies with the price of company stock, but it is unclear whether this is due to wealth effects among those holding stock, or more general effects on sentiment, with individuals taking rising stock prices as an indicator of improvements in...

Persistent link: https://www.econbiz.de/10012612648