教師資料查詢 | 類別: 期刊論文 | 教師: 于席正 HSI-CHENG YU (瀏覽個人網頁)

標題:Compensation System and Earnings Inequality
學年101
學期1
出版(發表)日期2013/01/01
作品名稱Compensation System and Earnings Inequality
作品名稱(其他語言)
著者Jiang, Lily; Yu, Hsi-Cheng
單位淡江大學經濟學系
出版者New York: Springer Science
著錄名稱、卷期、頁數Journal of Economic Inequality 12, pp.99-116
摘要We develop a wage-structure determination model in which a firm with incomplete information offers an optimal sequence of contracts for its heterogeneous employees. The model integrating the principal-agent framework and monitoring mechanism is characterized by endogeneity of the selection of two compensation methods: performance-pay and non-performance-pay schemes. The model is used to examine the switching of pay schemes and its inequality effect. We point out that the growth of performance-pay jobs is accompanied by a downward adjustment of the rewards for performance, which brings forth a countervailing effect on wage inequality. The simulation analysis of a case of uniform-distributed ability reveals that the net effect of the growth of performance-pay jobs on wage inequality depends on the driving force behind the switch.
關鍵字Performance pay;Principal-agent theory;Earnings inequality
語言英文(美國)
ISSN1573-8701;1569-1721
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Jiang, Lily
審稿制度
國別美國
公開徵稿
出版型式,電子版,紙本
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