Performance-Related Pay and Firm Productivity: Evidence from a Reform in the Structure of Collective Bargaining

Claudio Lucifora, Federica Maria Origo, Federica Origo

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

15 Citazioni (Scopus)

Abstract

The authors investigate the causal effect on firm productivity of a switch from fixed wages to collective performance-related pay, exploiting a reform in the structure of collective bargaining triggered by a social pact. They find that an increase in the adoption of collective performance-related pay leads to a 3 to 5% productivity gain but that such effect declines over time. They show that the effect on productivity varies substantially by firm size, industry affiliation, and union density. Both the size of the bonus and the design of the scheme—in terms of number and types of parameters used—are also important features for a firm’s productivity
Lingua originaleEnglish
pagine (da-a)1-27
Numero di pagine27
RivistaINDUSTRIAL & LABOR RELATIONS REVIEW
DOI
Stato di pubblicazionePubblicato - 2015

Keywords

  • Collective Bargaining
  • Performance-Related Pay
  • Productivity

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