The Incentive Effects of Dismissals, Efficiency Wages, Piece-Rates and Profit-Sharing
The Review of Economics and Statistics
1991
The relation of several incentive schemes to productivity is studied, with a particular emphasis on the effects and determinants of dismissals. Dismissals turn out to be positively, but in a nonlinear way, associated with productivity. Similarly, profit-sharing raises productivity. Wages and piece-rates are insignificant. Profit-sharing decreases the number of dismissals made by firms. Copyright 1991 by MIT Press.
- DOI
- 10.2307/2109569
- Volume
- 73 (3)
- Pages
- 451
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