publication . Article . 2011

Incentive contracts and time use

Tor Eriksson; Jaime Ortega;
  • Published: 01 Nov 2011
Abstract
Empirical studies on incentive contracts have primarily been concerned with the effects on employees’ productivity and earnings. The productivity increases associated with such contracts may, however, come at the expense of quality of life at or outside work. In this paper we study the effect on the employees’ non-work activities, testing whether incentive contracts lead to a change in the allocation of time across work and non-work activities. In doing so, we distinguish between two effects, a substitution effect and a discretion effect. On the one hand, the introduction of explicit incentives raises the marginal payoff to work, hence employees are expected to ...
Subjects
free text keywords: Incentive contracts, performance pay, time use, work and non-work activities, work-family balance, Economics, Econometrics and Finance (miscellaneous), Sociology and Political Science, Performance pay, Work hours, Stochastic game, Earnings, Empirical research, Discretion, media_common.quotation_subject, media_common, Incentive, Business, Substitution effect, Labour economics, jel:J22, jel:J33, jel:M52
Related Organizations

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Bolasco, S. (1997), L'analisi informatica dei testi, in Ricolfi L. (a cura di), La ricerca qualitativa, La Nuova Italia Scientifica, Roma.

Camporese, R. and R. Ranaldi (2001), Time use activities: translation from sentences to codes, paper presented at CLADAG, Palermo, July, 5-6.

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publication . Article . 2011

Incentive contracts and time use

Tor Eriksson; Jaime Ortega;