A rent extraction view of employee discounts and benefits

Journal of Labor Economics

Volumn 26, Issue 3, 2008, Pages 485-518

  Marino, Anthony M ^a   Zábojník, Ján ^b  

^a UNIVERSITY OF SOUTHERN CALIFORNIA   (United States)

^b QUEEN S UNIVERSITY   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 46449102714     PISSN: 0734306X     EISSN: None     Source Type: Journal    
DOI: 10.1086/587761     Document Type: Article

References (36)

1. Acemoglu, Daron. 2001. Good jobs versus bad jobs. Journal of Labor Economics 19 (January): 1-21.
2. Bacon, Lisa A. 2005. Find them and keep them: CEOs find new strategies to retain employees. Virginia Business Magazine (online version), July, http://www.virginiabusiness.com/magazine/yr2005/jul05/ceos.shtml.
3. Brown, Charles. 1980. Equalizing differences in the labor market. Quarterly Journal of Economics 94 (February): 113-34.
4. Bulow, Jeremy, and Lawrence Summers. 1986. A theory of dual labor markets with application to industrial policy, discrimination, and Keynesian unemployment. Journal of Labor Economics 4 (July): 376-414.
5. Currie, Janet, and Brigitte C. Madrian. 1999. Health, health insurance, and the labor market. In Handbook of labor economics, vol. 3, ed. Orley Ashenfelter and David Card. Amsterdam: Elsevier Science.
6. Doeringer, Peter B., and Michael J. Piore. 1971. Internal labor markets and manpower analysis. Lexington, MA: Heath.
7. Dranove, David, Kathryn E. Spier, and Laurence Baker. 2000. "Competition" among employers offering health insurance. Journal of Health Economics 19 (January): 121-40.
8. Fram, Eugene H., and Michael S. McCarthy. 2003. From employee to brand champion. Marketing Management 12 (January/February): 24-29.
9. Gruber, Jonathan. 2000. Health insurance and the labor market. In Handbook of health economics, ed. A. J. Culyer and J. P. Newhouse. Amsterdam: Elsevier Science.
10. Irvine, Martha. 1998. Companies offering executive-style perks the rank and file. Associated Press State and Local Wire (PM cycle), September 29, http://nl.newsbank.com.
11. Jensen, Michael, and William H. Meckling. 1976. Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3 (October): 305-60.
12. Jullien, Bruno. 2000. Participation constraints in adverse selection models. Journal of Economic Theory 93 (July): 1-47.
13. Kanemoto, Yoshitsugu, and W. Bentley MacLeod. 1992. The ratchet effect and the market for secondhand workers. Journal of Labor Economics 10 (January): 85-98.
14. Lewis, Tracy, and David Sappington. 1989. Countervailing incentives in agency problems. Journal of Economic Theory 49 (December): 294-313.
15. Maremont, Mark. 2005. Latest twist in corporate pay: Tax-free income for executives. Wall Street Journal Online, December 23.
16. Marino, Anthony, and Ján Zábojník. 2005. Optimal hiring strategies in firms that offer employee discounts. Working paper, Marshall School of Business, University of Southern California.
17. _. Forthcoming. Work-related perks, agency problems, and optimal incentive contracts. Rand Journal of Economics.
18. Maskin, Eric, and John Riley. 1984. Monopoly with incomplete information. Rand Journal of Economics 15 (Summer): 171-96.
19. Meece, Mickey. 1999. The lure of free food in the conference room. New York Times, December 12.
20. Montgomery, Edward, Kathryn Shaw, and Mary Ellen Benedict. 1992. Pensions and wages: An hedonic price theory approach. International Economic Review 33 (February): 111-28.
21. Mussa, Michael, and Sherwin Rosen. 1978. Monopoly and product quality. Journal of Economic Theory 18 (August): 301-17.
22. Olson, Craig A. 2002. Do workers accept lower wages in exchange for health benefits? Journal of Labor Economics 20, no. 2, suppl. (April): S91-S114.
23. Oyer, Paul. Forthcoming. Salary or benefits. Research in Labor Economics.
24. Pauly, Mark V. 1986. Taxation, health insurance, and market failure in the medical economy. Journal of Economic Literature 24 (June): 629-75.
25. Rajan, Raghuram, and Julie Wulf. 2006. Are perks purely managerial excess? Journal of Financial Economics 79 (January): 1-33.
26. Rice, Robert G. 1966. Skill, earnings, and the growth of wage supplements. American Economic Review Papers and Proceedings 56 (May): 583-93.
27. Rosen, Sherwin. 1974. Hedonic prices and implicit markets: Product differentiation in pure competition. Journal of Political Economy 82 (January/February): 34-55.
28. _. 1986. The theory of equalizing differences. In Handbook of labor economics, ed. Orley Ashenfelter and Richard Layard. New York: Elsevier.
29. _. 2000. Does the composition of pay matter? In Employee benefits and labor markets in Canada and the United States, ed. William T. Alpert and Stephen A. Woodbury. Kalamazoo, MI: W E. Upjohn Institute for Employment Research.
30. Ryan, Liz. 2005. Making benefits worth the trouble. Business Week Online, August 18, http://www.businessweek.com/careers/content/aug2005/ ca20050818_6715_ca030.htm.
31. Scott, Frank A., Mark C. Berger, and Dan A. Black. 1989. Effects of tax treatment of fringe benefits on labor market segmentation. Industrial and Labor Relations Review 42 (January): 216-29.
32. Strauss, Gary. 2001. Many execs pocket perks aplenty. USA Today, May 1.
33. Suris, Oscar. 1994. General Motors Corp. tightens the gasket on worker discount - loose policing of a perquisite led to cream puff deals for people not on payroll. Wall Street Journal (Eastern ed.), June 28.
34. U.S. Chamber of Commerce. 2004. Chamber survey shows worker benefits continue growth. Press release, January 21, U.S. Chamber of Commerce, Washington, DC.
35. U.S. Internal Revenue Service. 2005. Employer's tax guide to fringe benefits. Publication 15-B. Washington, DC: U.S. Government Printing Office.
36. Weston, Liz Pulliam. 2002. Despite recession, perks for top executives grow. Los Angeles Times, February 1.