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| Author: | Kraft, K. |
| Title: | The incentive effects of dismissals, efficiency wages, piece-rates and profit-sharing. |
| Journal: | Review of Economics and Statistics
1991 : AUG, VOL. 73:3, p. 451-459 |
| Index terms: | PAY INCENTIVES PRODUCTIVITY PROFIT SHARING DISMISSAL |
| Language: | eng |
| Abstract: | The relation of several incentive schemes to productivity is studied. The effects of the incentives is examined and it is investigated whether substitution effects between them exist. A particular emphasis in on the effects and determinants of dismissals. Dismissals turn out to be positively, but in a nonlinear way, associated with productivity. Similarly, profit-sharing raises productivity. Wages and piece-rates are insignificant. Profit-sharing decreases the number of dismissals made by firms. |
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