WORK QUALITY AND OPTIMAL PAY STRUCTURE - PIECE VS HOURLY RATES IN EMPLOYEE REMUNERATION

Authors
NG YK SHI HL
Citation
Yk. Ng et Hl. Shi, WORK QUALITY AND OPTIMAL PAY STRUCTURE - PIECE VS HOURLY RATES IN EMPLOYEE REMUNERATION, Economics letters, 47(3-4), 1995, pp. 409-416
Citations number
6
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
47
Issue
3-4
Year of publication
1995
Pages
409 - 416
Database
ISI
SICI code
0165-1765(1995)47:3-4<409:WQAOPS>2.0.ZU;2-Q
Abstract
This paper constructs a model investigating the impact of pay structur e on the quantity and quality of work and its welfare implications. We prove that a change in pay structure alone could increase the utility of employers given the employees' utility level, and hence, by approp riate income distribution, could increase social welfare.