Autonomy and incentives in Chinese state enterprises

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Graduate School of International Relations and Pacific Studies, University of California, San Diego, 1991 - China - 30 pages
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associated with increased associated with output asterisk autonomy and profit autonomy and profit-retention autonomy by strengthening autonomy was associated autonomy was strongly average bonus payments BONUSES PER EMPLOYEE bonuses per worker BONUSES/TOTAL WAGE BILL BUILDING MATERIALS CASS data CASS sample CD O CD chemical industry CHEMICALS China China's Chinese state enterprises coefficient Consistent estimation consistent specification test consumer price index contract workers CONTRACT WORKERS TOTAL correctly specified costs Costs of Hierarchy decision-maker distorted dummy dummy variable effective incentive-payment schemes effects of autonomy electronics industry employee rose significantly EMPLOYEES N EMPLOYEES N X enterprise benefits enterprise profits estimation ex ante example firms fixed-term contracts followed autonomy food industry FOOD PRODUCTS TEXTILES fraction fraction of contract fraction of remuneration FUND/TOTAL EMPLOYEES gain output autonomy grant of output hierarchy ID CD improved productivity incentive payments incentive-payment schemes increased autonomy increased output increases in autonomy independent variables induce industrial reforms inputs institute effective incentive-payment John McMillan LOSS/TOTAL EMPLOYEES MACHINERY ELECTRONICS MODEL MANAGEMENT EXPENSES PER MANAGEMENT WAG E manager's marginal profit-retention rates MATERIALS MACHINERY ELECTRONICS McAfee-McMillan 1991 model is correctly MODEL Y Monetary Policy Naughton nonpecuniary nonpecuniary rents number of employees October output autonomy output decisions output per employee output per worker per employee increased per employee rose performance piece rates planner Preston McAfee PRODUCTION WAGE/PROD WORKERS PROFIT PER EMPLOYEE PROFIT REMITTED rate in three REAL BONUSES PER REAL MANAGEMENT REAL MANAGEMENT WAG REAL PROD DEVELOPMENT REAL PRODUCTION WAGE/PROD REAL PROFIT REAL PROFIT PER REAL PROFIT REMITTED REAL TECH PERSONEL REAL TOTAL WAGE regression regression of contract remittances remuneration remuneration rose respond result RETENTION RATE rose significantly rose with output shows significant variables significantly positively associated six industries state-owned state-owned enterprises state-run industry strengthening stronger worker stronger worker incentives subsidies Table Takeo Hoshi TECHN I CAL terms with output textile industry theory Tirole TOTAL EMPLOYEES total number TOTAL OUTPUT/TOTAL EMPLOYEES TOTAL WAGE uniform process technology WAGE BILL Walder worker incentives workers on output WORKERS TOTAL EMPLOYEES Yasushi Hamao

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