Contracts, pay and performance in the sport of kings: Evidence from horse racing

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dc.contributor.authorButler, David
dc.contributor.authorButler, Robert
dc.contributor.authorSimmons, Robert
dc.date.accessioned2021-05-12T09:08:54Z
dc.date.available2021-05-12T09:08:54Z
dc.date.issued2021-04-06
dc.date.updated2021-05-12T08:54:17Z
dc.description.abstractA considerable body of evidence shows that performance‐related pay schemes can raise worker productivity with much of this increase due to worker sorting. However, variations in the power of performance‐related pay contracts are rarely observed. The thoroughbred horse racing industry offers such an opportunity. Contrary to earlier research, we find no evidence of worker shirking when the power of incentive contracts is reduced through jockeys switching from complete performance‐related pay schemes into a salaried (retainer) contract. Moreover, salary contracts result in legacy effects with superior performance continuing for elite jockeys even after their salary agreements have expired. We argue this is due to a reduction in monitoring costs.en
dc.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationButler, D., Butler, R. and Simmons, R. (2021) 'Contracts, pay and performance in the sport of kings: Evidence from horse racing', British Journal of Industrial Relations. doi: 10.1111/bjir.12600en
dc.identifier.doi10.1111/bjir.12600en
dc.identifier.eissn1467-8543
dc.identifier.issn0007-1080
dc.identifier.journaltitleBritish Journal of Industrial Relationsen
dc.identifier.urihttps://hdl.handle.net/10468/11292
dc.language.isoenen
dc.publisherJohn Wiley & Sons, Inc.en
dc.rights© 2021, John Wiley & Sons Ltd. This is the peer reviewed version of the following item: Butler, D., Butler, R. and Simmons, R. (2021) 'Contracts, pay and performance in the sport of kings: Evidence from horse racing', British Journal of Industrial Relations, doi: 10.1111/bjir.12600, which has been published in final form at https://doi.org/10.1111/bjir.12600. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.en
dc.subjectHorse racingen
dc.subjectPerformance-related payen
dc.subjectContractsen
dc.subjectIncentivesen
dc.titleContracts, pay and performance in the sport of kings: Evidence from horse racingen
dc.typeArticle (peer-reviewed)en
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