dc.contributor.author | McCausland, W. David | |
dc.contributor.author | Pouliakas, Kostas | |
dc.contributor.author | Theodossiou, Ioannis | |
dc.date.accessioned | 2007-01-23T14:20:56Z | |
dc.date.available | 2007-01-23T14:20:56Z | |
dc.date.issued | 2007-01-23T14:20:56Z | |
dc.identifier.issn | 0143-4543 | |
dc.identifier.uri | http://hdl.handle.net/2164/108 | |
dc.description.abstract | Using an econometric procedure that corrects for both self-selection of individuals into their preferred compensation scheme and wage endogeneity, this study investigates whether significant differences exist in the job satisfaction of individuals receiving performance-related pay (PRP) compared to those on alternative compensation plans. Using data from four waves of the British Household Panel Survey (BHPS), it is found that PRP exerts a positive effect on the mean job satisfaction of (very) high-paid workers only. A potential explanation for this pattern could be that for lower-paid employees PRP is perceived to be controlling, whereas higher-paid workers derive a utility benefit from what they regard as supportive reward schemes. Using PRP as an incentive device in the UK could therefore be counterproductive in the long run for certain low-paid occupations. | en |
dc.description.sponsorship | European Commission | en |
dc.format.extent | 631484 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | en |
dc.relation.ispartofseries | Business School Working Paper Series | en |
dc.relation.ispartofseries | 2007-06 | en |
dc.subject | performance-related pay | en |
dc.subject | job satisfaction | en |
dc.subject | endogeneity | en |
dc.subject | self-selection | en |
dc.title | Some are Punished and Some are Rewarded: A Study of the Impact of Performance Pay on Job Satisfaction | en |
dc.type | Working Paper | en |