Performance related pay and firm productivity: New evidence from a quasi-natural experiment in Italy

Arbeitspapier

This paper investigates the causal effect of a switch from fixed wages to collective performance-related pay on firm productivity, exploiting an exogenous variation in the institutional environment regulating collective bargaining. We find that the introduction of collective performance related pay significantly increases productivity by around 3-5 per cent, but such effect varies greatly by firm size, industry and union density. We show that the design of the PRP scheme - in terms of number and type of parameters used - is also relevant for firm productivity.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 6483

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Wage Level and Structure; Wage Differentials ; Compensation Packages; Payment Methods ; Dispute Resolution: Strikes, Arbitration, and Mediation; Collective Bargaining ; Metals and Metal Products; Cement; Glass; Ceramics
• Thema: performance related pay ; productivity ; unions ; Leistungsentgelt ; Tarifpolitik ; Produktivität ; Gewerkschaftsmitgliedschaft ; Italien

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Lucifora, Claudio ; Origo, Federica
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/58566
• URN: urn:nbn:de:101:1-2012080812255
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ