Submitted manuscript, 93.6 KB, PDF document
Research output: Working paper
Research output: Working paper
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TY - UNPB
T1 - Performance pay, sorting and the dimensions of job satisfaction
AU - Green, C
AU - Heywood, J S
PY - 2007
Y1 - 2007
N2 - This paper investigates the influence of performance related pay on several dimensions of job satisfaction. In cross-sectional estimates, performance related pay is associated with increased overall satisfaction, satisfaction with pay, satisfaction with job security and satisfaction with hours. It appears to be negatively associated with satisfaction with the work itself. Yet, after accounting for worker fixed-effects, the positive associations remain and the negative association vanishes. These results appear robust to a variety of alternative specifications and support the notion that performance pay allows increased opportunities for worker optimization and do not generally demotivate workers or crowd out intrinsic motivation.
AB - This paper investigates the influence of performance related pay on several dimensions of job satisfaction. In cross-sectional estimates, performance related pay is associated with increased overall satisfaction, satisfaction with pay, satisfaction with job security and satisfaction with hours. It appears to be negatively associated with satisfaction with the work itself. Yet, after accounting for worker fixed-effects, the positive associations remain and the negative association vanishes. These results appear robust to a variety of alternative specifications and support the notion that performance pay allows increased opportunities for worker optimization and do not generally demotivate workers or crowd out intrinsic motivation.
M3 - Working paper
T3 - Economics Working Paper Series
BT - Performance pay, sorting and the dimensions of job satisfaction
PB - The Department of Economics
CY - Lancaster University
ER -