Deferred pay: Compliance and productivity with self-selection
通过学生和专业人士的实验，研究了延迟支付机制如何通过自我选择影响合规性和生产率，发现延迟支付能减少不当行为，且高生产率员工更倾向于选择延迟支付。
Financial services misconduct is a concern for many stakeholders and deferred variable remuneration has been proposed as an antidote. The implications for attracting/retaining productive individuals are unknown. This study investigates deferred payment mechanisms through experiments in student and professional samples, taking account of self-selection effects. We confirm that the introduction of deferrals would reduce misconduct through better monitoring. While some individuals eschew deferred payment, even in the presence of a deferral premium, productive individuals are under-represented in this group. Productive individuals are more likely to select deferred variable remuneration, so productivity outcomes are equal to or superior to alternative treatments.