Design and Implementation of Pay for Performance

Gibbs, Michael

Abstract

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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)

IZA Discussion Paper No. 6322

Abstract:
A large, mature and robust economic literature on pay for performance now exists, which provides a useful framework for thinking about pay for performance systems. I use the lessons of the literature to discuss how to design and implement pay for performance in practice.

Number of Pages in PDF File: 38

Keywords: incentives, pay for performance, performance measurement, subjective evaluation

JEL Classification: M52, J33, M12, L81

working papers series

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Date posted: February 12, 2012

Suggested Citation

Gibbs, Michael, Design and Implementation of Pay for Performance. IZA Discussion Paper No. 6322. Available at SSRN: http://ssrn.com/abstract=2003655

Contact Information

Michael Gibbs (Contact Author) University of Chicago Booth School of Business ( email ) 5807 S. Woodlawn Avenue Chicago, IL 60637 United States
Institute for the Study of Labor (IZA) P.O. Box 7240 Bonn, D-53072 Germany

Abstract

Design and Implementation of Pay for Performance

Michael Gibbs

Date posted: February 12, 2012

Suggested Citation

Contact Information

Michael Gibbs (Contact Author)