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Title:The desire for impact PDF Logo
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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