Burgess, Simon; Propper, Carol; Ratto, Marisa; Tominey, Emma - Centre for Market and Public Organisation (CMPO), … - 2004
more cost effective than a
general pay rise.
Keywords: Incentives, Public Sector, Teams, Performance, Personnel … Economics
JEL Classification: J33, J45, D23
Acknowledgements
This work was funded by the Department for Work and …
4
Holmstrom (1982) provides the formalisation.
5
and Salani� (2003); see also Lazear�s (1999) overview of personnel …