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Title:What are the factors behind pay settlements? Evidence from Spanish and British data PDF Logo
Authors:Bayo-Moriones, Alberto
Galdon-Sanchez, José Enrique
Martinez-de-Moretin, Sara
Issue Date:2008
Series/Report no.:IZA Discussion Papers 3401
Abstract:This article presents a study of the determinants of pay settlements in a sample of Spanish and British establishments. We find that variables such as establishment size and age, foreign ownership, labour costs, the existence of internal labour markets, a strategic approach to human resource management and pay setting institutions are related to the factors that shape pay adjustments. Moreover, our findings show that there are significant differences in the determinants of pay settlements between Spain and Great Britain. We suggest that the labour market institutions developed in each country influence pay setting decisions.
Subjects:Compensation systems
labor market institutions
wage settlements
establishment level data
JEL:J30
Persistent Identifier of the first edition:urn:nbn:de:101:1-2008032034
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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