Sessions, John G.; Theodoropoulos, Nikolaos - In: New analyses of worker well-being, (pp. 105-162). 2014
Efficiency wage theory predicts that firms can induce worker effort by the carrot of high wages and/or the stick of monitoring worker performance. Another option available to firms is to tilt the remuneration package over time such that the lure of high future earnings acts as a deterrent to...