HOURLY VERSUS SALARIED PAYMENT AND DECISIONS ABOUT TRADING TIME AND MONEY OVER TIME
Using longitudinal data from the British Household Panel Survey, the authors examine how individuals' employment compensation—salaried or hourly—affects their decisions to trade time for money. Results indicate that there is a positive association between hourly wages and a desire to exchange l...
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| Veröffentlicht in: | Industrial & labor relations review 2010-07, Vol.63 (4), p.627-640 |
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| container_title | Industrial & labor relations review |
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| creator | DEVOE, SANFORD E. LEE, BYRON Y. PFEFFER, JEFFREY |
| description | Using longitudinal data from the British Household Panel Survey, the authors examine how individuals' employment compensation—salaried or hourly—affects their decisions to trade time for money. Results indicate that there is a positive association between hourly wages and a desire to exchange leisure time for more money. This relationship holds even when a fixed-effects model controls for unobserved differences among individuals as well as for job-relevant factors, including income, hours worked, tenure, and satisfaction. Evidence also suggests that after changing jobs in which pay schemes change from hourly to salaried, individuals' preferences remain the same in the short term, but effects of these preferences do decay over time, consistent with the notion of psychological salience. |
| doi_str_mv | 10.1177/001979391006300404 |
| format | Article |
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| ispartof | Industrial & labor relations review, 2010-07, Vol.63 (4), p.627-640 |
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| source | HeinOnline Law Journal Library; Business Source Complete; Sociological Abstracts; SAGE Complete A-Z List; Jstor Complete Legacy |
| subjects | Coefficients Compensation Decisions Employment Hours of work Income Interpersonal Relationship Satisfaction Job change Job satisfaction Labor management relations Labor relations Leisure Leisure time Memory Money Payment models Payments Preferences Saliency Tenure Time Trade Trading United Kingdom Wages Wages & salaries Working hours |
| title | HOURLY VERSUS SALARIED PAYMENT AND DECISIONS ABOUT TRADING TIME AND MONEY OVER TIME |
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