Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/77766
Authors: 
Cabrales, Antonio
Year of Publication: 
2010
Citation: 
[Journal:] SERIEs - Journal of the Spanish Economic Association [ISSN:] 1869-4195 [Publisher:] Springer [Place:] Heidelberg [Volume:] 1 [Year:] 2010 [Issue:] 4 [Pages:] 371-386
Abstract: 
In this lecture I first give an explanation for invidious preferences based on the (evolutionary) competition for resources. Then I show that these preferences have wide ranging and empirically relevant effects on labor markets, such as: workplace skill segregation, gradual promotions, wage increases that have no relation with productivity and downward wage flexibility. I suggest that labor and human resource economics can benefit from including envy into the standard set of factors considered in their theoretical and empirical models.
Subjects: 
envy
interdependent preferences
skill segregation
wage dynamics
wage dispersion
internal labor market
recursive contracts
JEL: 
D63
E24
J31
J33
J41
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/2.0/
Document Type: 
Article

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