A. Pendleton
Ownership and pay in Britain
Pendleton, A.; Bryson, A.; Gospel, H.
Authors
A. Bryson
H. Gospel
Abstract
Drawing on principal–agent perspectives on corporate governance, the article examines whether employees’ hourly pay is related to ownership dispersion. Using linked employee-workplace data from the British Workplace Employment Relations Survey 2011, and using a variety of techniques including interval regression and propensity score matching, average hourly pay is found to be higher in dispersed ownership workplaces. The premium is broadly constant across most of the wage distribution, but falls at the 95th percentile to become statistically non-significant. This contrasts with earlier papers which indicate that higher level employees are the primary beneficiaries of higher pay from dispersed ownership. The dispersed ownership pay premium is not readily explained by efficiency wage perspectives but is consistent with a managerial desire for a ‘quiet life’.
Citation
Pendleton, A., Bryson, A., & Gospel, H. (2017). Ownership and pay in Britain. British Journal of Industrial Relations, 55(4), 688-715. https://doi.org/10.1111/bjir.12241
Journal Article Type | Article |
---|---|
Acceptance Date | Mar 11, 2017 |
Online Publication Date | May 12, 2017 |
Publication Date | May 12, 2017 |
Deposit Date | Mar 27, 2017 |
Publicly Available Date | May 12, 2019 |
Journal | British Journal of Industrial Relations |
Print ISSN | 0007-1080 |
Electronic ISSN | 1467-8543 |
Publisher | Wiley |
Peer Reviewed | Peer Reviewed |
Volume | 55 |
Issue | 4 |
Pages | 688-715 |
DOI | https://doi.org/10.1111/bjir.12241 |
Public URL | https://durham-repository.worktribe.com/output/1390056 |
Files
Accepted Journal Article
(332 Kb)
PDF
Copyright Statement
This is the accepted version of the following article: Pendleton, A., Bryson, A. & Gospel, H. (2017). Ownership and pay in Britain. British Journal of Industrial Relations 55(4): 688-715, which has been published in final form at https://doi.org/10.1111/bjir.12241. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
You might also like
The productivity effects of multiple pay incentives
(2016)
Journal Article
Employee ownership in Britain Today
(2017)
Book Chapter
Downloadable Citations
About Durham Research Online (DRO)
Administrator e-mail: dro.admin@durham.ac.uk
This application uses the following open-source libraries:
SheetJS Community Edition
Apache License Version 2.0 (http://www.apache.org/licenses/)
PDF.js
Apache License Version 2.0 (http://www.apache.org/licenses/)
Font Awesome
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2024
Advanced Search