The traditional research on method of pay and wages compares those paid piece rates with those paid by the hour, and finds (as predicted by the theory) that those paid piece rates earn more. In this paper, those paid by the hour are divided into those paid standard rates (wage does not vary with...

Three types of pay-setting methods are piece rates (pay mechanically linked to output), merit pay (pay based on less formal judgments by one's supervisor), and standard rates (pay based on one's job classification and perhaps seniority, but not directly on performance). Firms' choice among...

Three types of pay-setting methods are piece rates (pay mechanically linked to output), merit pay (pay based on less formal judgments by one's supervisor), and standard rates (pay based on one's job classification and perhaps seniority, but not directly on performance). Firms' choice among...

In this paper, we analyze the relationship between how long an employer has been in business (firm age) and wages. Using data from special supplements to the Survey Research Center's monthly Survey of Consumers, we find that firms that have been in business longer pay higher wages (as previous...

The traditional research on method of pay and wages compares those paid piece rates with those paid by the hour, and finds (as predicted by the theory) that those paid piece rates earn more. In this paper, those paid by the hour are divided into those paid standard rates (wage does not vary with...

In this paper, we analyze the relationship between how long an employer has been in business (firm age) and wages. Using data from special supplements to the Survey Research Center's monthly Survey of Consumers, we find that firms that have been in business longer pay higher wages (as previous...