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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/18999
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| Title: | | The desire for impact  |
| Authors: | | Dur, Robert A. J. Glazer, Amihai |
| Issue Date: | | 2005 |
| Series/Report no.: | | CESifo working papers 1535 |
| Abstract: | | This paper explores the meaning and implications of the desire by workers for impact. We find that this impact motive can make firms in a competitive labor market act as monopsonists, lead workers with the same characteristics but at different firms to earn different wages, may alleviate the hold-up problem in firm-specific investment, can make it profitable for an employer to give workers autonomy in effort or task choice, and can propagate shocks to unemployment. |
| Subjects: | | impact motive monopsony-like behavior wage differentials hold-up problem incomplete contracts autonomy |
| JEL: | | M5 J4 J3 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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