Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18999
Authors: 
Dur, Robert A. J.
Glazer, Amihai
Year of Publication: 
2005
Series/Report no.: 
CESifo Working Paper 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

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