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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...
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AND WAGE EFFECTS OF COURSE-RELATED TRAINING OF ELDERLY WORKERS IN SWITZERLAND Alfonso Sousa-Poza / Fred Henneberger … ∗ Department of Economics and Research Institute for Labour Economics and Labour Law, University of St. Gallen, Switzerland … Abstract: In this paper, the course-related training of elderly workers in Switzerland is analysed with data from the Swiss …
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