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Job Characteristics and the Form of Compensation

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(1)Série Scientifique Scientific Series. 98s-08. Job Characteristics and the Form of Compensation W. Bentley MacLeod, Daniel Parent. Montréal Mars 1998.

(2) CIRANO Le CIRANO est une corporation privée à but non lucratif constituée 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 organisations-membres, d=une subvention d=infrastructure du ministère de l=Industrie, du Commerce, de la Science et de la Technologie, de même que des subventions et mandats obtenus par ses équipes de recherche. La Série Scientifique est la réalisation d=une des missions que s=est données le CIRANO, soit de développer l=analyse scientifique des organisations et des comportements stratégiques. 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 l=Industrie, du Commerce, de la Science et de la Technologie, and grants and research mandates obtained by its research teams. The Scientific Series fulfils one of the missions of CIRANO: to develop the scientific analysis of organizations and strategic behaviour. Les organisations-partenaires / The Partner Organizations $École des Hautes Études Commerciales $École Polytechnique $McGill University $Université de Montréal $Université du Québec à Montréal $Université Laval $MEQ $MICST $Avenor $Banque Nationale du Canada $Bell Québec $Caisse de dépôt et placement du Québec $Fédération des caisses populaires Desjardins de Montréal et de l=Ouest-du-Québec $Hydro-Québec $Industrie Canada $Microcell Labs inc. $Raymond, Chabot, Martin, Paré $Scetauroute $Société d=électrolyse et de chimie Alcan Ltée $Téléglobe Canada $Ville de Montréal Ce document est publié dans l=intention de rendre accessibles les résultats préliminaires de la recherche effectuée au CIRANO, afin de susciter des échanges et des suggestions. 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 preliminary research carried out at CIRANO and aims to encourage 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) Job Characteristics and the Form of Compensation* W. Bentley MacLeodH, Daniel ParentI Résumé / Abstract Cet article cherche à organiser de façon systématique le choix des différentes méthodes de rémunération selon les caractéristiques observables des emplois. Par après, nous examinons de façon empirique les facteurs influençant le choix de ces méthodes en utilisant l=information concernant les caractéristiques des emplois contenue dans le Quality of Employment Survey, le National Longitudinal Survey of Youth, le Panel Study of Income Dynamics et le Current Population Survey. La principale conclusion est qu=il n=existe aucun modèle de la relation d=emploi qui puisse expliquer de façon satisfaisante la variation observée dans les méthodes de compensation.Les résultats plus spécifiques sont les suivants : a) le nombre de tâches semble être associé à l=emploi de contrats incomplets; b) la rémunération à la pièce va de paire avec la parcimonie des tâches de même qu=avec l=autonomie accrue du travailleur; c) un marché du travail local « serré » tend à être associé avec l=utilisation de bonis et de promotions plutôt que des salaires d=efficience. In this paper we introduce a way to systematically organize the choice between different forms of compensation based upon observable job characteristics. Secondly, we explore the determinants of compensation based upon questionnaire responses concerning job characteristics and methods of pay contained in the Quality of Employment Survey (QES), the National Longitudinal Survey of Youth (NLSY), the Panel Study of Income Dynamics (PSID), and the Current Population Survey. The main conclusion is that there is no single model of the employment relationship that can explain the variation in compensation form. We draw upon both agency and incomplete contract models to study the interplay between job characteristics and compensation. Specific results include a) the number of tasks seems to be associated with the use of incomplete contracts; b) Piece rate jobs tend to be associated with more worker autonomy and fewer tasks performed than hourly paid jobs; c) tight labor market conditions tend to be associated with the use of bonuses and promotions instead of efficiency wages.. *. Corresponding Author: Daniel Parent, CIRANO, 2020 University Street, 25th floor, Montréal, Qc, Canada H3A 2A5 Tel: (514) 985-4027 Fax: (514) 985-4000 e-mail: parentd@cirano.umontreal.ca Special thanks to David Card, Janet Currie, and Hank Farber for helpful comments and suggestions. We also thank participants at Berkeley, UCLA, USC, the Princeton Labor Lunch, and the Chicago 1998 Econometric Society meetings. Bentley MacLeod's research is supported by National Science Foundation, Grant SBR-9709333, while Daniel Parent's research is supported by Québec's FCAR.. †. University of Southern California. ‡. Université de Sherbrooke, CRDE and CIRANO.

(4) Mots Clés :. Caractéristiques des emplois, méthodes de rémunération, contrats incomplets, modèles d'agence. Keywords :. Job characteristics, methods of pay, incomplete contracts, agency models.

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Figure

Table 1 Mean Sample Statistics
Table 2A: Average Job Characteristics by Occupation, Quality of Employment Survey
Table 3A: Pay Method by Occupation, Quality of Employment Survey 1977
Table 4A: Sequential Estimation Results - QES 1977, Direct Use of Individual-Level Responses Other covariates include industry dummies, tenure, experience, and occupation dummies for the estimation with individual-level responses.
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