教師資料查詢 | 類別: 期刊論文 | 教師: 洪小文 Hung,Hsiao Wen (瀏覽個人網頁)

標題:Does Performance-Based Compensation Boost Economic Growth or Lead to More Income Inequality?
學年101
學期2
出版(發表)日期2013/03/01
作品名稱Does Performance-Based Compensation Boost Economic Growth or Lead to More Income Inequality?
作品名稱(其他語言)
著者Chang, Juin-jen; Liu, Chia-ying; Hung, Hsiao-wen
單位淡江大學產業經濟學系
出版者Richmond: Wiley-Blackwell Asia Pacific
著錄名稱、卷期、頁數Economic Record 89(284), pp.72-82
摘要Recent observations suggest that as performance-related pay has been increasingly used, (i) compensation has grown with labour productivity, and (ii) there has been a rise in income inequality. This study is a theoretical attempt to provide a convincing explanation of these observations. We develop an endogenous growth framework comprising a profit/revenue-sharing scheme that simultaneously governs income inequality and economic growth. Therefore, we show that a share-based scheme can cause the workers to engage in performance pay seeking and, as a result, boost economic growth. Nonetheless, the intensive use of performance pay also results in higher income inequality. Because of the increased use of performance pay, there exists a positive relationship between economic growth and income inequality. While this result contradicts the traditional notion, it is supported by recent empirical studies. Our welfare analysis indicates that a more intensive sharing scheme does not necessarily raise the level of social welfare, even though it is favourable to economic growth.
關鍵字
語言英文
ISSN1475-4932;0013-0249
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Hung, Hsiao-wen
審稿制度
國別澳洲
公開徵稿
出版型式,電子版,紙本
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