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Title: Job Characteristics, Wages, and the Employment Contract
Resulting in 1 citation.
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MacLeod, W. Bentley Parent, Daniel |
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Job Characteristics, Wages, and the Employment Contract Federal Reserve Bank of St. Louis Review 81,3 (May-June 1999): 13-27. Also: http://ideas.repec.org/a/fip/fedlrv/y1999imayp13-27n3.html Cohort(s): NLSY79 Publisher: Federal Reserve Bank of St. Louis Keyword(s): Panel Study of Income Dynamics (PSID); Wages Permission to reprint the abstract has not been received from the publisher. Part of a special issue on labor markets and macroeconomics explores some of the determinants of compensation in the U.S. Compensation models are developed that make predictions grounded in observed job characteristics and attempt to demonstrate how compensation form may react to changes in both the nature of work and labor-market conditions. Data are drawn from the National Longitudinal Survey of Youth and from the Panel Study on Income Dynamics. Findings reveal that compensation systems depend on explicit performance measures when these accurately measure the contribution of work. Findings also reveal that the amount of bonus pay depends on the condition of the local labor market. |
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Bibliography Citation
MacLeod, W. Bentley and Daniel Parent. "Job Characteristics, Wages, and the Employment Contract." Federal Reserve Bank of St. Louis Review 81,3 (May-June 1999): 13-27.
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