Compensation Policy and Worker Performance: Identifying Incentive Effects from Field Experiments

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(1)2003s-45. Compensation Policy and Worker Performance: Identifying Incentive Effects from Field Experiments Bruce Shearer. Série Scientifique Scientific Series. Montréal Août 2003. © 2003 Bruce Shearer. Tous droits réservés. All rights reserved. Reproduction partielle permise avec citation du document source, incluant la notice ©. Short sections may be quoted without explicit permission, if full credit, including © notice, is given to the source..

(2) CIRANO Le CIRANO est un organisme sans but lucratif constitué en vertu de la Loi des compagnies du Québec. Le financement de son infrastructure et de ses activités de recherche provient des cotisations de ses organisationsmembres, d’une subvention d’infrastructure du ministère de la Recherche, de la Science et de la Technologie, de même que des subventions et mandats obtenus par ses équipes de recherche. CIRANO is a private non-profit organization incorporated under the Québec Companies Act. Its infrastructure and research activities are funded through fees paid by member organizations, an infrastructure grant from the Ministère de la Recherche, de la Science et de la Technologie, and grants and research mandates obtained by its research teams. Les organisations-partenaires / The Partner Organizations PARTENAIRE MAJEUR . Ministère du développement économique et régional [MDER] PARTENAIRES . Alcan inc. . Axa Canada . Banque du Canada . Banque Laurentienne du Canada . Banque Nationale du Canada . Banque Royale du Canada . Bell Canada . Bombardier . Bourse de Montréal . Développement des ressources humaines Canada [DRHC] . Fédération des caisses Desjardins du Québec . Gaz Métropolitain . Hydro-Québec . Industrie Canada . Ministère des Finances [MF] . Pratt & Whitney Canada Inc. . Raymond Chabot Grant Thornton . Ville de Montréal . École Polytechnique de Montréal . HEC Montréal . Université Concordia . Université de Montréal . Université du Québec à Montréal . Université Laval . Université McGill ASSOCIÉ À : . Institut de Finance Mathématique de Montréal (IFM 2) . Laboratoires universitaires Bell Canada . Réseau de calcul et de modélisation mathématique [RCM 2] . Réseau de centres d’excellence MITACS (Les mathématiques des technologies de l’information et des systèmes complexes) Les cahiers de la série scientifique (CS) visent à rendre accessibles des résultats de recherche effectuée au CIRANO afin de susciter échanges et commentaires. Ces cahiers sont écrits dans le style des publications scientifiques. Les idées et les opinions émises sont sous l’unique responsabilité des auteurs et ne représentent pas nécessairement les positions du CIRANO ou de ses partenaires. This paper presents research carried out at CIRANO and aims at encouraging discussion and comment. The observations and viewpoints expressed are the sole responsibility of the authors. They do not necessarily represent positions of CIRANO or its partners.. ISSN 1198-8177.

(3) Compensation Policy and Worker Performance: Identifying Incentive Effects from Field Experiments* Bruce Shearer† Résumé / Abstract L’utilité des expériences sur le terrain afin d’évaluer l’effet de différents systèmes de compensation sur la productivité des travailleurs est investiguée. Une attention particulière est portée à la capacité des expériences d’identifier l’effet d’un changement permanent de la politique de ’l entreprise. Bien que les expériences résolvent le problème d’endogénéité en permettant aux sujets d’être alloués à un système de compensation par un processus aléatoire, ceci est accompli dans un environnement spécifique et, à la fois, artificiel, qui ne saurait être répliqué par un changement permanent. Comme tel, plutôt que d’identifier l’effet incitatif sans restriction, les expériences nous fournissent la variation exogène qui permet d’identifier des paramètres structurels. Ces paramètres nous permettent d’évaluer les effets des changements de politiques de l’entreprise. Mots clés : Économétrie des contrats, incitations, expériences.. The role of field experiments in evaluating the effect of compensation policies on worker productivity is considered. Particular attention is paid to the ability of a field experiment to identify the effect of a permanent change in firm policy. While field experiments solve endogeneity problems through randomization, they do so within a specific, and at times artificial, environment that may not be replicated by a permanent policy change. As such, rather than providing a basis for the unrestricted identification of incentive effects, experiments are better thought of as providing exogenous variation with which to identify structural parameters. These parameters can, in turn, be used to predict the effects of policy changes. Keywords: Econometrics of Contracts, Incentives, Experiments. Codes JEL : J3, L2, C9. *. I acknowledge research support from FCAR, SSHRC and the Canadian Research Chair in Social Policies and Human Resources at the Université Laval. I thank Chris Ferrall for helpful comments. † Département d’économique, Université Laval, CIRPÉE and CIRANO, Québec, Québec, G1K 7P4, Canada, email: Bruce.Shearer@Ecn.ULlaval.ca, tel. (418) 656-2131(#5606), fax (418) 656-7798..

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