Status Concerns and the Organization of Work.

We study the effects of local status, where workers compare their wage to the wage of other workers within the same firm. We assume a competitive labor market with unobservable effort, where firms condition wages on output as incentive for effort. If workers who care about status are also more productive, such status concerns generate an equilibrium with heterogenous firms where workers who care and workers who do not care about status work together.

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Year of publication:	2001
Authors:	Fershtman, C. ; Weiss, Y. ; Hvide, H.K.
Institutions:	Foerder Institute for Economic Research, Eitan Berglas School of Economics
Subject:	WAGES \| WORKERS \| DISCRIMINATION

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Series:	Tel Aviv.
Type of publication:	Book / Working Paper
Notes:	44 pages
Classification:	D4 - Market Structure and Pricing ; J3 - Wages, Compensation, and Labor Costs ; I2 - Education ; Z1 - Cultural Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005783633