The Provision of Company Benefits in the UK
从理论上分析公司提供福利的条件，即福利对员工的价值需超过公司提供福利的净成本，并利用英国数据实证检验福利提供情况。
Abstract: A theoretical analysis argues that a company will provide benefits if they are worth more to the employee than income equal to the net amount it is costing the firm to provide the benefit. Because the individual is being denied choice, other things being equal he/she would prefer the income. But the firm may be able to provide a benefit‐wage package which compensates the individual because of (i) tax advantages, (ii) economies of scale in purchasing or (iii) production function advantages. The empirical work focuses on benefit provision in the UK.