Relative Pay and Labor Supply

• 成果类型: Article
• 署名作者: Bracha, Anat; Gneezy, Uri; Loewenstein, George
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - Boston; University of California System; University of California San Diego; University of Amsterdam; Carnegie Mellon University
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/678494
• 发表日期: 2015
• 页码: 297-315
• 关键词: performance; INEQUALITY

摘要

We examine the impact of relative wages on labor supply in a laboratory experiment. We test the hypothesis that, ceteris paribus, making a given wage high (low) relative to other wage levels will lead to an increase (decrease) in labor supply. We find that labor supply does respond significantly to relative pay, and in the expected direction. However, when a strong enough reason for the relative low pay is given, this difference disappears.