Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/161265
Authors: 
Grund, Christian
Hofmann, Tanja
Year of Publication: 
2017
Series/Report no.: 
IZA Discussion Papers 10642
Abstract: 
We explore the dispersion of bonus payments of managers within and between five large firms from the German chemical sector. We use data from a yearly salary survey in these firms during the observation period 2008 to 2013. Bonus payments account for 20 percent of base salaries on average. Both the amount and the dispersion of bonus-to-base ratios differ across firms. We disentangle the dispersion between and within the levels of firms' hierarchies. Revealed differences are consistent with differences in firms' value statements.
Subjects: 
bonus payments
bonus to base rate
firm differences
pay policies
wage dispersion
JEL: 
J31
J33
M52
Document Type: 
Working Paper

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