 What Happens Within Firms? A Survey of Empirical Evidence on Compensation PoliciesCanice Prendergast No 5802, NBER Working Papers from National Bureau of Economic Research, Inc Abstract: with the compensation policies of firms. This literature is considered from the perspective of three major theories: human capital, learning, and incentives. Considerable empirical work has addressed each of these theories with some success. However, our understanding of the effect of compensation on behavior and of the motivations for firms in choosing certain policies has been constrained by two important problems. First, the absence of data on contracts and performance has limited the ability of researchers to ask even the most basic question, Do Incentives Matter? Second, the available theoretical work has not been sufficiently orientated towards distinguishing between plausible alternatives, so that many observed facts are consistent with any of the major theories. JEL-codes: J3 (search for similar items in EconPapers) Published as What Happens within Firms? A Survey of Empirical Evidence on Compensation Policies , Canice Prendergast. in Labor Statistics Measurement Issues , Haltiwanger, Manser, and Topel. 1998 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:5802 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC. |
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