Derek Jones, the Irma M. and Robert D. Morris Professor of Economics, presented a paper on June 23 at the Beyster Symposium at the University of California, San Diego.
“Complementarities between employee involvement and financial participation -Evidence from Finland” was co-authored by Jones and Panu Kalmi of the University of Victoria, Takao Kato of Colgate University and Mikko Mäkinen of Aalto University. The paper presented the results of the authors’ study of production in Finnish manufacturing firms that use employee involvement in decision-making and financial participation practices in tandem.
Mäkinen presented another paper by the same co-authors on June 26 at the Society of Labor Economics Conference in Montreal. Findings presented in “Worker Separation and Sorting under Individual Incentive and Group Incentive Pay: A Discrete-Time Duration Analysis” indicated that performance pay, including both group incentive and individual incentive pay, is associated with enhanced employment stability.