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Management, Performance And Pay

Author

Listed:
  • Natália P. Monteiro

    (NIPE/Center for Research in Economics and Management, University of Minho, Portugal)

  • Odd Rune Straume

    (NIPE/Center for Research in Economics and Management, University of Minho, Portugal; and Department of Economics, University of Bergen, Norway)

Abstract

We use rich Portuguese data to analyse the relationship between the use of structured management practices and worker pay in a large representative sample of firms. We find that management practices are significantly associated with both higher average wages and higher within-firm wage dispersion.The positive relationship between management practices and average pay is present throughout the wage distribution and for all occupational skill groups, but is stronger for workers higher up in the wage distribution and in higher-skilled occupations. These results are driven by management practices related to incentives, and are also mainly driven by small and medium-sized firms.

Suggested Citation

  • Natália P. Monteiro & Odd Rune Straume, 2023. "Management, Performance And Pay," NIPE Working Papers 05/2023, NIPE - Universidade do Minho.
    • Handle: RePEc:nip:nipewp:05/2023
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    File URL: https://repositorium.sdum.uminho.pt/handle/1822/85320
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    More about this item

    Keywords

    Management practices; wages; labour productivity;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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