Incentives, cooperation, and risk sharing : economic and psychological perspectives on employment contracts
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Bibliographic Information
Incentives, cooperation, and risk sharing : economic and psychological perspectives on employment contracts
Rowman & Littlefield, c1987
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Distillation of the proceedings of a conference held at New York University, March 1984, and sponsored by the C.V. Starr Center for Applied Economics
Includes index
Description and Table of Contents
Description
Under the pressure of growing foreign competition, many American firms are entering into incentive contracts with their employees. As a result, the standard fixed-wage system is gradually giving way to a more diversified system of remuneration in which a significant portion of employee income is based upon some measure of the firm's performance. In this volume, a group of economists, industrial psychologists, and business and labor professionals examine the merits of alternative forms of remuneration. The contributors explore such issues as profit sharing, productivity sharing, bonus systems, and employee stock ownership.
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