High Compensation Creates a Ratchet Effect
High Compensation Creates a Ratchet Effect
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高补偿产生棘轮效应
DOI：
10.1111/j.1468-0297.2009.02256.x
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发表时间：
2004
期刊：
影响因子：
--
通讯作者：
A. Glazer
中科院分区：
文献类型：
--
作者：
H. Gersbach;A. Glazer
我们考虑一个公司，它在几个时期内为工人的努力支付报酬。企业在一个时期内支付的报酬越多，工人在以后的时期内就越富有，因此，他的劳动报酬也就越多。这种财富效应会导致雇主在开始时支付很少的工资，然后再支付更多的工资。出于相关的原因，工人可能会比雇主更努力地工作。因此，公司提供的激励合同可能会限制工人的收入。最后，这种财富棘轮效应可能导致过度解雇和人员流动。
We consider a firm which pays a worker for his effort over several periods. The more the firm pays in one period, the wealthier the worker is in the following periods, and so the more he must be paid for a given effort. This wealth effect can induce an employer to pay little initially and more later on. For related reasons, the worker may work harder than the employer prefers. The incentive contracts firms offer may therefore cap the worker's earnings. Lastly, this wealth ratchet effect can induce excessive firing and turnover.