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来源类型Working Paper
规范类型报告
DOI10.3386/w11786
来源IDWorking Paper 11786
Pay Inequality, Pay Secrecy, and Effort: Theory and Evidence
Gary Charness; Peter Kuhn
发表日期2005-11-21
出版年2005
语种英语
摘要We study worker and firm behavior in an efficiency-wage environment where co-workers' wages may potentially influence a worker's effort. Theoretically, we show that an increase in workers' responsiveness to co-workers' wages should lead profit-maximizing firms to compress wages under quite general conditions. Our laboratory experiments, on the other hand, show that --while workers' effort choices are highly sensitive to their own wages-- effort is not affected by co-workers' wages. As a consequence, even though firms in our experiment tended to compress wages when wages became public information, this did not raise their profits. Our experimental evidence therefore provides little support for the notion that inter-worker equity concerns can make wage compression, or wage secrecy, a profit-maximizing policy.
主题Econometrics ; Experimental Design ; Labor Economics ; Labor Market Structures ; Other ; Accounting, Marketing, and Personnel
URLhttps://www.nber.org/papers/w11786
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/569437
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GB/T 7714
Gary Charness,Peter Kuhn. Pay Inequality, Pay Secrecy, and Effort: Theory and Evidence. 2005.
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