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
Authors:	Gose, Karina
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 121.2013, 3, p. 473-477
Publisher:	Elsevier
Subject:	Gift exchange \| Fair wage–effort hypothesis \| Reciprocity \| Inequity aversion \| Tit for tat

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Type of publication:	Article
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/10010729459