Intro -- Contents -- Acknowledgements -- 1. Introduction -- 2. Methods -- 3. Time and Location -- 4. Morale -- 5. Company Risk Aversion -- 6. Internal Pay Structure -- 7. External Pay Structure -- 8. The Shirking Theory -- 9. The Pay of New Hires in the Primary Sector -- 10. Raises -- 11....

Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- 1 INTRODUCTION -- 2 METHODS -- 3 TIME AND LOCATION -- 4 MORALE -- 5 COMPANY RISK AVERSION -- 6 INTERNAL PAY STRUCTURE -- 7 EXTERNAL PAY STRUCTURE -- 8 THE SHIRKING THEORY -- 9 THE PAY OF NEW HIRES IN THE PRIMARY SECTOR -- 10 RAISES -- 11 RESISTANCE...

This paper contains a review of work on wage rigidity. The work includes field studies, and economic experiments, and psychological surveys. Economists have done the field studies and experiments, and management scientists and experimental psychologists have done the surveys.