Chapter 10. Employee Compensation and Incentive Provision
- Joyce P. Jacobsen,
- Gilbert L. Skillman
Published Online: 14 JAN 2008
DOI: 10.1002/9780470755587.ch11
Copyright © 2004 by Joyce P. Jacobsen and Gilbert L. Skillman
Book Title
Labor Markets and Employment Relationships: A Comprehensive Approach
Additional Information
How to Cite
Jacobsen, J. P. and Skillman, G. L. (eds) (2008) Employee Compensation and Incentive Provision, in Labor Markets and Employment Relationships: A Comprehensive Approach, Blackwell Publishing Ltd, Malden, MA, USA. doi: 10.1002/9780470755587.ch11
Publication History
- Published Online: 14 JAN 2008
- Published Print: 1 JAN 2004
ISBN Information
Print ISBN: 9780631208365
Online ISBN: 9780470755587
- Summary
- Chapter
- References
Keywords:
- employee compensation;
- incentive provision;
- compensation structures;
- bilateral moral hazard;
- efficiency wage
Summary
This chapter contains section titled:
EMPIRICAL INCIDENCE OF COMPENSATION STRUCTURES
SUPERVISION AND COMPENSATION STRUCTURES
Informative monitoring signals and efficient incentives
Task complexity and the scope of monitoring
Multi-task incentives and job design
Verifiability of monitoring and bilateral moral hazard
Efficiency wages
Supervision and distributional conflict
THE CHOICE OF COMPENSATION SCHEME
The incentive effects of compensation
Firm's choice of compensation scheme
CONCLUSION
CONTINGENT RENEWAL AND THE EFFICIENCY WAGE
Set-up