Autonomy and Incentives in Chinese State Enterprises
研究中国国有企业将产出决策权下放给企业并允许保留更多利润后,管理者如何通过增加奖金和固定期限合同工人来强化工人激励,进而提升生产率。
When the responsibility for output decisions was shifted from the state to the firm, and when firms were allowed to retain more of their profits, managers of Chinese state-owned enterprises strengthened workers' incentives. The managers paid more in bonuses and hired more workers on fixed-term contracts. The new incentives were effective: productivity increased with increases in bonus payments and in contract workers. The increase in autonomy raised workers' incomes (but not managers' incomes) and investment in the enterprise, but tended not to raise remittances to the state.