Ownership, Agency, and Wages: An Examination of Franchising in the Fast Food Industry
Ownership, Agency, and Wages: An Examination of Franchising in the Fast Food Industry
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所有权、代理权和工资:快餐业特许经营考察
DOI:
10.2307/2937907
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发表时间:
1991
影响因子:
13.7
通讯作者:
A. Krueger
中科院分区:
文献类型:
--
作者:
A. Krueger
This paper estimates the difference in compensation between company-owned and franchisee-owned fast food restaurants. The contrast is of interest because contractual arrangements give managers of company-owned outlets less of an incentive to monitor and supervise employees. Estimates based on two data sets suggest that employee compensation is slightly greater at company-owned outlets than at franchisee-owned outlets. The earnings gap is 9 percent for assistant and shift managers and 2 percent for full-time crew workers. Furthermore, the tenure-earnings profile is steeper at company-owned restaurants. These findings suggest that monitoring difficulties influence the timing and generosity of compensation.