Wage Transparency and Performance: A Real-Effort Experiment
Ben Greiner (),
Axel Ockenfels and
No 48, Working Paper Series in Economics from University of Cologne, Department of Economics
Without transparency about peer wages in a real effort experiment, a change of wages does not affect performance. With transparency, however, higher paid workers tend to work more accurately, and lower paid workers shirk more under piece rates.
Keywords: labor market experiments; real effort; social comparison; wage schemes (search for similar items in EconPapers)
JEL-codes: C91 J33 M52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-lab
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Journal Article: Wage transparency and performance: A real-effort experiment (2011)
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Persistent link: http://EconPapers.repec.org/RePEc:kls:series:0048
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