Chapter 10. Employee Compensation and Incentive Provision

  1. Joyce P. Jacobsen and
  2. Gilbert L. Skillman

Published Online: 14 JAN 2008

DOI: 10.1002/9780470755587.ch11

Labor Markets and Employment Relationships: A Comprehensive Approach

Labor Markets and Employment Relationships: A Comprehensive Approach

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

  1. Published Online: 14 JAN 2008
  2. Published Print: 1 JAN 2004

ISBN Information

Print ISBN: 9780631208365

Online ISBN: 9780470755587

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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