What are the Factors Behind Pay Settlements? Evidence from Spanish and British Data
José Alberto Bayo Moriones
Public University of Navarre - Department of Business Administration
Jose E. Galdon-Sanchez
Universidad Publica de Navarra; Institute for the Study of Labor (IZA)
Sara Martinez-de Moretin
affiliation not provided to SSRN
IZA Discussion Paper No. 3401
This article presents a study of the determinants of pay settlements in a sample of Spanish and British establishments. We find that variables such as establishment size and age, foreign ownership, labour costs, the existence of internal labour markets, a strategic approach to human resource management and pay setting institutions are related to the factors that shape pay adjustments. Moreover, our findings show that there are significant differences in the determinants of pay settlements between Spain and Great Britain. We suggest that the labour market institutions developed in each country influence pay setting decisions.
Number of Pages in PDF File: 38
Keywords: compensation systems, labor market institutions, wage settlements, establishment level data
JEL Classification: J30, J40working papers series
Date posted: November 3, 2008
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