{"title":"The Empirical Content of Pay-for-Performance","authors":"Canice Prendergast","doi":"10.1093/JLEO/EWU014","DOIUrl":null,"url":null,"abstract":"Empirical evidence on the effect of pay-for-performance on output has been scarce. We propose that worker responses to marginal pay-for-performance changes can be related to their response to a measure of taxes. Using this approach, we suggest a short-run elasticity of output with respect to incentive pay for high earners in the United States of 0.25 or lower, and it is difficult to rule out very low responsiveness. (JEL J33, H24)","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"1139 ","pages":"242-261"},"PeriodicalIF":1.3000,"publicationDate":"2015-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1093/JLEO/EWU014","citationCount":"15","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Law Economics & Organization","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1093/JLEO/EWU014","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 15
Abstract
Empirical evidence on the effect of pay-for-performance on output has been scarce. We propose that worker responses to marginal pay-for-performance changes can be related to their response to a measure of taxes. Using this approach, we suggest a short-run elasticity of output with respect to incentive pay for high earners in the United States of 0.25 or lower, and it is difficult to rule out very low responsiveness. (JEL J33, H24)
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