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dc.contributor.authorHyll, Walteren_US
dc.contributor.authorStark, Odeden_US
dc.date.accessioned2011-05-09T09:39:11Z-
dc.date.available2011-05-09T09:39:11Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:bsz:21-opus-55974en_US
dc.identifier.urihttp://hdl.handle.net/10419/45469-
dc.description.abstractWe analyze the impact on a firm's profits and optimal wage rates, and on the distribution of workers' earnings, when workers compare their earnings with those of co-workers. We consider a low-productivity worker who receives lower wage earnings than a high-productivity worker. When the low-productivity worker derives (dis)utility not only from his own effort but also from comparing his earnings with those of the high-productivity worker, his response to the sensing of relative deprivation is to increase the optimal level of effort. Consequently, the firm's profits are higher, its wage rates remain unchanged, and the distribution of earnings is compressed.en_US
dc.language.isoengen_US
dc.publisherUniv. Tübingenen_US
dc.relation.ispartofseriesUniversity of Tübingen working papers in economics and finance 6en_US
dc.subject.jelD01en_US
dc.subject.jelD21en_US
dc.subject.jelJ22en_US
dc.subject.jelJ24en_US
dc.subject.jelJ31en_US
dc.subject.jelM54en_US
dc.subject.ddc330en_US
dc.subject.keywordSocial comparisonsen_US
dc.subject.keywordHeterogeneous workforceen_US
dc.subject.keywordRelative deprivationen_US
dc.subject.keywordEffort exertionen_US
dc.subject.keywordEarnings gapen_US
dc.subject.keywordEarnings compressionen_US
dc.titleOn the economic architecture of the workplace: repercussions of social comparisons amongst heterogeneous workersen_US
dc.typeWorking Paperen_US
dc.identifier.ppn657435937en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:tuewef:6-
Appears in Collections:University of Tübingen Working Papers in Economics and Finance

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