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• W2160414882 abstract "- Lliterature on Taylorism has surprisingly ignored the role of its payment systems, while the results achieved on Ford's five-dollar day programme appear contradictory and sometimes isolated from the organisational change simultaneously undertaken. I seek to fill these theoretical gaps. I provide a historical analysis of the relevant features of Taylorism and Fordism and analyse a simple agency model with a linear compensation scheme to account for the observed differences in payment systems between Taylor's performance-related pay and Ford's fixed wages. I show how the ex-post observed divergence may be interpreted in terms of technology-related differences in i) responsiveness of effort to incentives and ii) responsiveness of proceeds to effort. JEL classification: D8; J3; J41; L2. Keywords: Taylorism; Fordism; agency theory; labour contracts; incentives." @default.
• W2160414882 created "2016-06-24" @default.
• W2160414882 creator A5008472411 @default.
• W2160414882 date "2009-03-01" @default.
• W2160414882 modified "2023-09-25" @default.
• W2160414882 title "A Comparative Analysis of the Incentive Systems under Taylorism and Fordism" @default.
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• W2160414882 doi "https://doi.org/10.3280/spe2008-002003" @default.
• W2160414882 hasPublicationYear "2009" @default.
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