performance pay, incentives, bonuses, recession, business cycle, finance

Publication date: 20 Nov 2013 | Publication type: Report | Theme: Employment & Social policy | Authors: Bryson, A, Forth, J, Stokes, L
Despite its potential to raise productivity, performance-related-pay (PRP) is not widespread in market-oriented economies. Furthermore, despite secular changes conducive to its take-up, there is mixed evidence as to whether it has become more prominent over time. Ours is the first paper to present...