Pendleton, A;
Bryson, AJ;
Gospel, H;
(2017)
Ownership and Pay in Britain.
British Journal of Industrial Relations
, 55
(4)
pp. 688-715.
10.1111/bjir.12241.
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Abstract
Drawing on principal-agent perspectives on corporate governance, the paper examines whether employees’ hourly pay is related to ownership dispersion. Using linked employee-workplace data from the British Workplace Employment Relations Survey (WERS) 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 findings are not supportive of efficiency wages explanations but are consistent with a managerial desire for a 'quiet life',
| Type: | Article |
|---|---|
| Title: | Ownership and Pay in Britain |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1111/bjir.12241 |
| Publisher version: | http://dx.doi.org/10.1111/bjir.12241 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Ownership, pay |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > School of Education UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Social Research Institute |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1546287 |
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