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http://ssrn.com/abstract=1995093
 
 

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Design and Implementation of Pay for Performance


Michael Gibbs


University of Chicago Booth School of Business; Institute for the Study of Labor (IZA)

January 29, 2012

Chicago Booth Research Paper No. 12-05

Abstract:     
A large, mature and robust literature now provides a useful framework for designing and implementing pay for performance. Several excellent surveys of this research are available. The purpose of this chapter is not to provide yet another survey, but to use the lessons of the economic literature on incentives to discuss how to design and implement pay for performance in practice.

Number of Pages in PDF File: 36

Keywords: Incentives, Pay for Performance, Performance Measurement, Subjective Evaluation

JEL Classification: M52, J33, M12, L81

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Date posted: January 30, 2012 ; Last revised: February 7, 2012

Suggested Citation

Gibbs, Michael, Design and Implementation of Pay for Performance (January 29, 2012). Chicago Booth Research Paper No. 12-05. Available at SSRN: http://ssrn.com/abstract=1995093 or http://dx.doi.org/10.2139/ssrn.1995093

Contact Information

Michael Gibbs (Contact Author)
University of Chicago Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States

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Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
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