Pay Inequality, Pay Secrecy, and Effort: Theory and Evidence
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We study worker and firm behavior in an efficiency-wage environment where co-workers' wages may potentially influence a worker's effort. Theoretically, we show that an increase in workers' responsiveness to co-workers' wages should lead profit-maximizing firms to compress wages under quite general
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美国国家经济研究局创建时间：
2005-11-01
