TY  - RPRT
        AU  - Bayo-Moriones, Alberto
AU  - Galdon-Sanchez, Jose Enrique
AU  - Martinez-de-Morentin, Sara
        TI  - What Are the Factors Behind Pay Settlements? Evidence from Spanish and British Data
        PY  - 2008/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3401
        UR  - https://www.iza.org/publications/dp3401
        AB  - This article presents a study of the determinants of pay settlements in a sample of Spanish and British establishments. We find that variables such as establishment size and age, foreign ownership, labour costs, the existence of internal labour markets, a strategic approach to human resource management and pay setting institutions are related to the factors that shape pay adjustments. Moreover, our findings show that there are significant differences in the determinants of pay settlements between Spain and Great Britain. We suggest that the labour market institutions developed in each country influence pay setting decisions.
        KW  - establishment level data
KW  - compensation systems
KW  - labor market institutions
KW  - wage settlements
        ER  -