Who Fared Better? The Fortunes of Performance Pay and Fixed Pay Workers Through Recession

Who Fared Better? The Fortunes of Performance Pay and Fixed Pay Workers Through Recession
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谁表现更好?

DOI:
10.1111/bjir.12245
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发表时间:
2017
期刊:
International Political Economy: Investment & Finance eJournal
影响因子:
--
通讯作者:
M. Weale
M. Weale
中科院分区:
--
文献类型:
--
作者:
L. Stokes;A. Bryson;J. Forth;M. Weale

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我们考察了在最近的经济衰退中,那些根据绩效支付薪酬的人是否在工资增长和工作期限方面比固定薪酬的同行表现得更好。理论上,我们可能预计,由于绩效工资员工与雇主分担经济冲击的收入风险,他们的收入降幅可能比固定工资员工的下降幅度更大。然而,正是出于这个原因,他们可能会比固定工资工人经历更稳定的就业模式,后者的“粘性”工资可能会使他们容易失业。使用2002-2012年工作时间和收入年度调查的数据,我们发现,奖金支付的变化占2009-2012年间总工资下降的16%。绩效工资和固定工资员工的奖金支出比固定工资的下降幅度更大。我们证实,在经济衰退期间,绩效薪酬员工比固定薪酬员工更有可能经历名义减薪。这种“工资差距”在时薪方面很明显,并不是由不同的工作时间弹性造成的。我们还发现,绩效薪酬员工的工作年限比固定薪酬员工的工作年限长。
We examine whether those paid for performance fared better in terms of wage growth and job tenure than their fixed pay counterparts through the most recent recession. In theory we might anticipate that, since performance pay workers share the income risks of economic shocks with their employers, their earnings may have declined more than those of fixed pay employees. However, for this very reason, they may experience more stable employment patterns than fixed pay workers whose ‘stickier’ wages may make them susceptible to job loss. Using data from the Annual Survey of Hours and Earnings 2002-2012, we find changes in bonus payments accounted for 16 per cent of the decline in aggregate wages between 2009 and 2012. Bonus payments fell more precipitately than fixed wages of both performance pay and fixed pay workers. We confirm that performance pay employees were more likely to experience nominal wage cuts than fixed pay employees during the recession. This ‘wage gap’ was apparent for hourly wages and was not driven by differential hours flexibility. We also find performance pay employees had longer job tenure than fixed pay employees.
绩效工资是否加剧了英国的工资不平等?
DOI: --
发表时间: 2015
期刊: --
影响因子: --
作者:
Bryan, M.
通讯作者: Bryan, M.