Compensation and Incentives in the Workplace

@article{Lazear2018CompensationAI,
  title={Compensation and Incentives in the Workplace},
  author={Edward P. Lazear},
  journal={Journal of Economic Perspectives},
  year={2018}
}
  • E. Lazear
  • Published 1 August 2018
  • Economics
  • Journal of Economic Perspectives
Labor is supplied because most of us must work to live. Indeed, it is called “work” in part because without compensation, the overwhelming majority of workers would not otherwise perform the tasks. The theme of this essay is that incentives affect behavior and that economics as a science has made good progress in specifying how compensation and its form influences worker effort. This is a broad topic, and the purpose here is not a comprehensive literature review on each of many topics. Instead… 

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