منابع مشابه
Reciprocity and downward wage rigidity
The employment relationship is to a large extent characterized by incomplete contracts, in which workers have a considerable degree of discretion over the choice of their work effort. This discretion at work kicks in the potential importance of ‘‘gift exchange” or reciprocity between workers and employers in their employment relationship. Built on the seminal work of Akerlof (1980), this paper ...
متن کاملFairness, Reciprocity, and Wage Rigidity
Fairness, Reciprocity, and Wage Rigidity This paper contains a review of empirical work related to wage rigidity, where researchers have collected their own data. The work includes field studies, economic experiments, and psychological surveys. Economists have done the field studies and experiments, and management scientists and experimental psychologists have done the surveys. There is a remar...
متن کاملPay Growth, Fairness and Job Satisfaction: Implications for Nominal and Real Wage Rigidity
Theories of wage rigidity often rely on a positive relationship between pay changes and utility, arising from concern for fairness or gift exchange. Supportive evidence has emerged from laboratory experiments, but the link has not yet been established with field data. This paper contributes a first step, using representative British data. Workers care about the level and the growth of earnings....
متن کامل"Job Search and Wage Behaviour"
Montréal. Il a pour mission la promotion et la valorisation de la recherche. Érudit offre des services d'édition numérique de documents scientifiques depuis 1998. Note : les règles d'écriture des références bibliographiques peuvent varier selon les différents domaines du savoir. Ce document est protégé par la loi sur le droit d'auteur. L'utilisation des services d'Érudit (y compris la reproduct...
متن کاملWage Rigidity: Measurement, Causes and Consequences*
Wage rigidity – the observation that wages cannot be adjusted downwards – has important implications for labour markets and macroeconomic performance. Empirical evidence on the extent, causes and consequences of wage rigidity on the individual level is relatively scant, however. This Feature presents articles that apply a new methodology to estimate the incidence and extent of nominal and real ...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2013
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2013.09.003