期刊論文
| 學年 | 101 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2013-03-01 |
| 作品名稱 | Does Performance-Based Compensation Boost Economic Growth or Lead to More Income Inequality? |
| 作品名稱（其他語言） | |
| 著者 | Chang, Juin-jen; Liu, Chia-ying; Hung, Hsiao-wen |
| 單位 | 淡江大學產業經濟學系 |
| 出版者 | Richmond: Wiley-Blackwell Asia Pacific |
| 著錄名稱、卷期、頁數 | Economic Record 89(284), pp.72-82 |
| 摘要 | Recent observations suggest that as performance-related pay has been increasingly used, (i) compensation has grown with labour productivity, and (ii) there has been a rise in income inequality. This study is a theoretical attempt to provide a convincing explanation of these observations. We develop an endogenous growth framework comprising a profit/revenue-sharing scheme that simultaneously governs income inequality and economic growth. Therefore, we show that a share-based scheme can cause the workers to engage in performance pay seeking and, as a result, boost economic growth. Nonetheless, the intensive use of performance pay also results in higher income inequality. Because of the increased use of performance pay, there exists a positive relationship between economic growth and income inequality. While this result contradicts the traditional notion, it is supported by recent empirical studies. Our welfare analysis indicates that a more intensive sharing scheme does not necessarily raise the level of social welfare, even though it is favourable to economic growth. |
| 關鍵字 | |
| 語言 | en |
| ISSN | 1475-4932 0013-0249 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | Hung, Hsiao-wen |
| 審稿制度 | 是 |
| 國別 | AUS |
| 公開徵稿 | |
| 出版型式 | ,電子版,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/80145 ) |