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

Author

Listed:
  • 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)

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

Suggested Citation

  • Eva M. Meyersson-Milgrom & Trond Petersen & Rita Asplund, 2002. "Pay,Risk,and Productivity.The Case of Finland,1980 -1996," Finnish Economic Papers, Finnish Economic Association, vol. 15(1), pages 3-23, Spring.
    • Handle: RePEc:fep:journl:v:15:y:2002:i:1:p:3-23
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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