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Do Co-Workers? Wages Matter? : Theory and Evidence on Wage Secrecy, Wage Compression and Effort

Author(s) : Charness, Gary , Kuhn, Peter
Description : We study worker and firm behavior in an environment where worker effort could depend on co-workers? wages. Theoretically, we show that an increase in workers? ?concerns? with coworkers? wages should lead profit-maximizing firms to compress wages under quite general conditions. However, firms should ...
Language(s) : English
Subject(s) : C92 , M52 , M12 , J33 , ddc:330 , experiments , effort , social preferences , jealousy , wage compression , wage secrecy , Leistungsmotivation , Lohnstruktur , Neid , Geheimhaltung , Vergütungssystem , Experiment
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Publication Date(s) : 2004-01-01