What are the factors behind pay settlements? Evidence from Spanish and British data

Arbeitspapier

This article presents a study of the determinants of pay settlements in a sample of Spanish and British establishments. We find that variables such as establishment size and age, foreign ownership, labour costs, the existence of internal labour markets, a strategic approach to human resource management and pay setting institutions are related to the factors that shape pay adjustments. Moreover, our findings show that there are significant differences in the determinants of pay settlements between Spain and Great Britain. We suggest that the labour market institutions developed in each country influence pay setting decisions.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 3401

Classification and Topics

• Classification: Wirtschaft ; Wages, Compensation, and Labor Costs: General
• Subject: Compensation systems ; labor market institutions ; wage settlements ; establishment level data ; Vergütungssystem ; Lohnpolitik ; Unternehmen ; Panel ; Arbeitsmarktflexibilisierung ; Vergleich ; Großbritannien ; Spanien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bayo-Moriones, Alberto ; Galdon-Sanchez, José Enrique ; Martinez-de-Moretin, Sara
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/35259
• URN: urn:nbn:de:101:1-2008032034
• Last update: 10.03.2025, 11:43 AM CET