Pay,Risk,and Productivity.The Case of Finland,1980 -1996

Eva M. Meyersson-Milgrom, Trond Petersen and Rita Asplund
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Eva M. Meyersson-Milgrom: Department of Sociology, Harvard University, USA and Department of Business Administration, Stockholm University, Sweden
Trond Petersen: Walter A. Haas School of Business, University of California Berkeley, USA
Rita Asplund: The Research Institute of the Finnish Economy, Finland

Finnish Economic Papers, 2002, vol. 15, issue 1, 3-23

Abstract: This paper reports on four topics. To what extent are piece-rate systems used among manufacturing workers in Finland? What is the effect on the average pay level of using piece- versus time-rate systems? How much wage risk is associated with a piece-rate system? How much of the pay differential between pieceand time-rate workers is compensation for extra effort and how much is compensation for bearing additional risk? Have these relations changed over time? We have access to unique individual-level data on payment systems from several thousand establishments and more than a quarter of a million individuals in the Finnish private sector

JEL-codes: J24 J31 J33 (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:fep:journl:v:15:y:2002:i:1:p:3-23

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