Fair Wages Survive Multiple Sources of Income Inequality

When an employee in a gift exchange game earns significantly less than the employer, the source of employer income does not affect effort choices. However, to induce one unit of effort, the employer has to pay higher wages than in a game without payoff inequality.

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Year of publication:	2013-06
Authors:	Gose, Karina
Institutions:	Fakultät für Wirtschaftswissenschaft, Otto-von-Guericke-Universität Magdeburg
Subject:	Gift exchange \| fair wage-effort hypothesis \| reciprocity \| inequity aversion \| tit for tat

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Extent:	application/pdf
Series:	FEMM Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 130009 11 pages
Classification:	C91 - Laboratory, Individual Behavior ; D31 - Personal Income, Wealth and Their Distributions ; M52 - Compensation and Compensation Methods and Their Effects (stock options, fringe benefits, incentives, family support programs)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010668003