The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Ownership, Agency, and Wages: An Examination of Franchising in the Fast Food Industry
Abstract
This paper estimates the difference in compensation between company-owned and franchisee-owned fast food restaurants. The contrast is of interest because contractual arrangements give managers of company-owned outlets less of an incentive to monitor and supervise employees. Estimates based on two data sets suggest that employee compensation is slightly greater at company-owned outlets than at franchisee-owned outlets. The earnings gap is 9 percent for assistant and shift managers and 2 percent for full-time crew workers. Furthermore, the tenure-earnings profile is steeper at company-owned restaurants. These findings suggest that monitoring difficulties influence the timing and generosity of compensation.
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Citations
Cites
The theory of the firm and the structure of the franchise contract
Rubin, P. H. (1978) · The Journal of Law and Economics · doi:10.1086/466918 · Cited by 1,005
Cited by
Multitask principal – agent analyses: Incentive contracts, asset ownership, and job design
Holmstrom, B., & Milgrom, P. (1991) · The Journal of Law, Economics, and Organization · doi:10.1093/jleo/7.special_issue.24 · Cited by 6,046
Agency Theory and Franchising: Some Empirical Results
Lafontaine, F. (1992) · The RAND Journal of Economics · doi:10.2307/2555988 · Cited by 1,118
The Effect of the Minimum Wage on the Fast-Food Industry
Katz, L. F., & Krueger, A. B. (1992) · ILR Review · doi:10.1177/001979399204600102 · Cited by 580
Self-citationDo Entrenched Managers Pay Their Workers More?
CRONQVIST, H., HEYMAN, F., NILSSON, M., SVALERYD, H., & VLACHOS, J. (2009) · The Journal of Finance · doi:10.1111/j.1540-6261.2008.01435.x · Cited by 462
Franchising: A Review and Avenues to Greater Theoretical Diversity
Combs, J. G., Michael, S. C., & Castrogiovanni, G. J. (2004) · Journal of Management · doi:10.1016/j.jm.2004.06.006 · Cited by 450
Metadata
- Authors
- Krueger, A. B.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1991-02-01
- Volume
- 106
- Issue
- 1
- Pages
- 75-101
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W1998833122
- Cited by
- 322
- References
- 1
- FWCI
- 32.26
- Type
- journal article
- Language
- en
- Open access
- closed
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- Krueger, A. B. (1991). Ownership, Agency, and Wages: An Examination of Franchising in the Fast Food Industry. The Quarterly Journal of Economics. https://doi.org/10.2307/2937907
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
