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| Author: | Brown, Ch. |
| Title: | Firm' choice of method of pay ! Bureau of Labour Statistics |
| Journal: | Industrial and Labor Relations Review
1990 : FEB, VOL. 43:3, p. 165-182 |
| Index terms: | PAYMENT SYSTEMS COMPANIES PAYMENT BY RESULTS PAY INCENTIVES TRADE UNIONS |
| Language: | eng |
| Abstract: | The Industry Wage Survey (IWS) program of the Bureau of Labour Statistics provides data on methods of wage determination and other establishment characteristics. Using data from this Survey, the theory that firms choose Their methods of pay by balancing the gains from more precise links between performance and pay against monitoring costs is tested. The results confirm most of the predictions from the general theory. For example, large firms make significantly greater use of standard-rate pay than do small firms, and incentive pay (such as piece rates) is less likely in jobs with a variety of duties than in jobs with a narrow set of routines. The effect of unionization on the use of incentive pay is also examined. |
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