Implementing performance pay requires that workers' output be measured. When measurement costs differ among firms, those with a measurement cost advantage choose to implement performance pay. They attract the best workers, and both the level and variability of compensation are higher at these...

In this paper, the course-related training of elderly workers in Switzerland isanalysed with data from the Swiss Labour Force Survey. Elderly individuals invest substantialamounts in their human capital via course-related training...

In this paper, job mobility is analyzed with microdata on job turnover intentionsfrom a single survey covering 25 countries. Making reference to the vast psychology literatureon this topic, it is argued that these intentions are good predictors for actual turnovers. Sincecross-national evidence...

Using a unique dataset containing separate information on the base andbonus pay of over a million workers, we provide novel evidence on the determinantsand earnings effects of performance pay. Several observables—in particularage, education, tenure, and job complexity—have a large impact on...

We investigate the observable determinants of sorting between salary and performace pay jobs, the extent to which wage functions differ between the two, and the magnitude of the unobserved ability differential between salary and performance pay workers...

It is commonly alleged that foreign direct investment (FDI) in the service sector haspositive consequences for the domestic labor market. This paper shows that this widelyaccepted view does not generally hold...

Implementing performance pay requires that workers' output be measured. Whenmeasurement costs differ among firms, those with a measurement cost advantage choose toimplement performance pay. They attract the best workers, and both the level and variabilityof compensation are higher at these firms...