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What's My Employee Worth? The Effects of Salary Benchmarking
Cullen, Zoë B.; Li, Shengwu; Perez-Truglia, Ricardo - National Bureau of Economic Research - 2022
report using this type of data to set salaries, a practice that is known as salary benchmarking. Despite their widespread use … across occupations, there is no evidence on the effects of salary benchmarking. We provide a model that explains why firms … are interested in salary benchmarking and makes predictions regarding the effects of the tool. Next, we measure the actual …
Persistent link: https://www.econbiz.de/10013435132
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Returns for entrepreneurs versus employees : the effect of education and personal control on the relative performance of entrepreneurs vis-a-vis wage employees
Praag, Mirjam van; Witteloostuijn, Arjen van; Sluis, … - 2009
How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences? And does education affect peoples’ occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that...
Persistent link: https://www.econbiz.de/10011379475
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Wages, hires, and labor market concentration
Marinescu, Ioana; Ouss, Ivan; Pape, Louis-Daniel - 2020
find that a 10% increase in labor market concentration decreases hires by 12.4% and the wages of new hires by nearly 0 … employers in the retail industry would be most damaging, with about 24 million euros in annual lost wages for new hires, and an …
Persistent link: https://www.econbiz.de/10012213951
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Job spells, employer spells, and wage returns to tenure
Devereux, Paul J.; Hart, Robert A.; Roberts, J. Elizabeth - 2013
workforce over the period 1975-2010, we find that a significant proportion of the return to employer tenure arises due to job …
Persistent link: https://www.econbiz.de/10009740341
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Competitive Target Pay Practices for CEO Compensation
Ferrari, Mascia; O'Byrne, Stephen F.; Rajgopal, Shivaram; … - 2022
The competitive target pay policy sets a target amount of total compensation within a specified range of the amount paid to executive peers. If such a policy were widely adopted by compensation committees, we would observe a negative cross-sectional association between the stock price...
Persistent link: https://www.econbiz.de/10013403344
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Competitive Target Pay Practices for CEO Compensation
Ferrari, Mascia; Reggiani, Francesco; Rajgopal, Shivaram; … - 2023
The competitive target pay policy sets a target dollar number for total CEO compensation within a specified range of the amounts paid to a CEO’s peers chosen from similar sized firms in the same industry. If such a policy were widely adopted by compensation committees, we would observe a...
Persistent link: https://www.econbiz.de/10014351180
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Do self-determined wages really improve employees performance? : evidence from a randomized field experiment : conference paper
Jeworrek, Sabrina; Mertins, Vanessa - 2014
Recent laboratory evidence suggests that employees who have the extraordinary right to self-determine their wages … right, while being paid the same wages as the first group. We find that performance is about 12% higher when employees self …-determine their wage, whereas self-determined wages are about 20% higher . A last treatment group differed from the former only in …
Persistent link: https://www.econbiz.de/10010486690
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Benchmarking of Pay Components in CEO Compensation Design
Grinstein, Yaniv; Lauterbach, Beni; Yosef, Revital - 2021
Eighty-nine percent of S&P500 companies report benchmarking CEO pay components. Analyzing a panel of CEO compensation … data entailing 1,251 S&P 1500 firms during 2007-2013, we find that: 1) total compensation benchmarking less effectively … explains CEO compensation than does component-of-pay benchmarking; 2) the strength of compensation components’ adjustment to …
Persistent link: https://www.econbiz.de/10013224725
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Workforce composition, productivity and pay : the role of firms in wage inequality
Criscuolo, Chiara; Hijzen, Alexander; Schwellnus, Cyrille; … - 2020
average across countries, changes in the dispersion of average wages between firms explain about half of the changes in … productivity-related premia that firms pay their workers above common market wages. The remaining third can be attributed to … changes in workforce composition, including the sorting of high-skilled workers into high-paying firms. …
Persistent link: https://www.econbiz.de/10012312260
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Workforce composition, productivity and pay : the role of firms in wage inequality
Criscuolo, Chiara; Hijzen, Alexander; Schwellnus, Cyrille; … - 2020
average across countries, changes in the dispersion of average wages between firms explain about half of the changes in … productivity-related premia that firms pay their workers above common market wages. The remaining third can be attributed to … changes in workforce composition, including the sorting of high-skilled workers into high-paying firms. …
Persistent link: https://www.econbiz.de/10012203325