haku: @author Gaechter, S. / yhteensä: 1
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| Tekijä: | Fehr, E. Gaechter, S. Kirchsteiger, G. |
| Otsikko: | Reciprocal fairness and noncompensating wage differentials |
| Lehti: | Journal of Institutional and Theoretical Economics
1996 : DEC, VOL. 152:4, p. 608-640 |
| Asiasana: | ECONOMICS PAY DIFFERENTIALS THEORIES |
| Kieli: | eng |
| Tiivistelmä: | In this paper the authors report the results of a series of competitive market experiments in which, according to competitive theory, noncompensating wage differentials should not occur. Contrary to this prediction the evidence shows a stable pattern of noncompensating wage differentials: the higher the profits of a firm from the employment of a worker, the higher are its wage offers. Moreover, the higher the wage paid, the higher is workers' effort level. |
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