This paper uses information from a panel of dutch firms to investigate the labor productivity effects of performance related pay (prp). We find that prp increases productivity at the firm level with 9% and employment growth with 5%.
Gielen, A. C., kerkhofs, M. J. M., & van Ours, J. (2010). How performance related pay affects productivity and employment. Journal of Population Economics, 23(1), 291-301. https://doi.org/10.1007/s00148-009-0252-9