Earnings, Productivity, and Performance‐Related Pay
构建了绩效薪酬对员工努力和分类的综合模型，利用英国家庭面板调查数据发现，绩效薪酬使男性工资提高9%、女性提高6%，并解释了收入与生产率的关系。
Jobs with performance-related pay (PRP) attract workers of higher ability and induce workers to provide greater effort. The authors construct an integrated model of effort and sorting that clarifies the distinction between observable and unobservable ability and the relationship between earnings and productivity. Predictions are tested against data from the British Household Panel Survey. The PRP raises wages by 9 percent for men and 6 percent for women. Theoretical calculations show that these estimated earnings differentials represent average productivity differentials net of monitoring costs at the marginal firm using PRP but not of the disutility of additional effort expended by workers. Copyright 1999 by University of Chicago Press.