What Are the Factors Behind Pay Settlements? Evidence from Spanish and British Data

Alberto Bayo-Moriones, Jose Galdon-Sanchez () and Sara Martinez-de-Morentin

No 3401, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: 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.

Keywords: establishment level data; compensation systems; labor market institutions; wage settlements (search for similar items in EconPapers)
JEL-codes: J30 J40 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2008-03
New Economics Papers: this item is included in nep-eec and nep-lab
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Published - published as 'The Determinants of Pay Settlements. The Influence of the National Context' in: The International Journal of Human Resource Management, 2013, 24 (3), 579-600

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