A bonus scheme for tenure systems in which the total wage consists of the base wage and the bonus proportional to the excess production more than the minimum requirement is considered. The existence of the take-off bonus rate below which the employee does not response to the increase of the...

Recent analyses of wage bargaining has emphasized the distinction between insiders and outsiders, yet one typically assumes that insiders and recently hired outsiders are paid the same wage. We consider a model where the starting wage for outsiders may be lower that the insider wage, but...

We investigate the impact of changes in states' anti-takeover legislation on executive compensation.

Using data for Swedish production workers, we find that the unexplained component of the gender wage is no larger for performance- related pay than for straight time wages suggesting the performance pay is no more discriminatory than time wages..

This paper explores employee responses to the performace-based pay schemes introduced into the Australian Public service in 1998 and 1999.

In this paper, we document the importance of individual variations in wage outcomes of displacement, as opposed to the change in the wage distribution itself. Most of the research on displaced workers has focused on analyzing changes in the wage distribution. We show that, while the changes in...

We study the interations between leverage, employment structure and compensation policies within firms. Recent works have shown that there exists heterogeneity in compensation policies across firms (Abowd, Kramarz and Margolis, 1999 and Margolis, 1996). We introduce firms' capital structure in...