The issue of how to remunerate executives has been hotly debated, at least as far back as Berle and Means (1932) who first stressed the separation of ownership and control and the emergence of a powerful class of professional managers. But for a long time the debate had been largely restricted...

Incentive provision is a central question in modern economic theory. During the run up to the financial crisis, many banks attempted to encourage loan underwriting by giving out incentive packages to loan officers. Using a unique data set on small business loan officer compensation from a major...

Using data from large-scale establishment surveys in Britain and France, we show that incentive pay for non-managers is more widespread in France than in Britain. We explain this finding in terms of the "beneficial constraint" arising from stronger employment protection in France, which provides...