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Performance Pay and Wage Inequality / Thomas Lemieux, W. Bentley MacLeod, Daniel Parent.
- Format:
- Book
- Author/Creator:
- Lemieux, Thomas.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w13128.
- NBER working paper series no. w13128
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2007.
- Summary:
- We document that an increasing fraction of jobs in the U.S. labor market explicitly pay workers for their performance using bonuses, commissions, or piece-rates. We find that compensation in performance-pay jobs is more closely tied to both observed (by the econometrician) and unobserved productive characteristics of workers. Moreover, the growing incidence of performance-pay can explain 24 percent of the growth in the variance of male wages between the late 1970s and the early 1990s, and accounts for nearly all of the top-end growth in wage dispersion(above the 80th percentile).
- Notes:
- Print version record
- May 2007.
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