The Desire for Impact

Robert Dur () and Amihai Glazer

No CESifo Working Paper No. 1535, CESifo Working Paper Series from CESifo Group Munich

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.

Keywords: impact motive; monopsony-like behavior; wage differentials; hold-up problem; incomplete contracts; autonomy (search for similar items in EconPapers)
JEL-codes: J30 J40 M50 (search for similar items in EconPapers)
Date: 2005
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Journal Article: The desire for impact (2008)
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