search query: @indexterm incentives / total: 682
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| Author: | Lazear, E. |
| Title: | The power of incentives |
| Journal: | American Economic Review
2000 : MAY, VOL. 90:2, p. 410-414 |
| Index terms: | ECONOMICS INCENTIVES COMPENSATION |
| Language: | eng |
| Abstract: | Variable pay is usually defined as pay that is tied to some measure of worker output. The most typical form of variable pay historically was the piece rate, which was more prevalent during the early part of the 20th century than it is at the beginning of the 21st. There is a resurgence in variable pay, particularly as it related to executives, whose pay is tied to output through some mechanism like stock options or bonuses that depend on individual or firm performance. |
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