Kare Johansen () (Department of Economics, Norwegian University of Science and Technology) Bjarne Strom () (Department of Economics, Norwegian University of Science and Technology,)
Abstract
The paper presents an efficiency wage model where worker effort depends on own wages relative both to wages of other workers in the firm and to similar workers in other firms. First, we show how the Solow conditions are modified if internal comparison effects are at work. Second, we discuss the effect of internal wage comparison on wage inequality within firms. Third, we study unemployment and relative wage determination within a general equilibrium model, and analyze the effect of technological change and various tax policies on equilibrium unemployment and relative wages. Finally, the short-run effects of aggregate demand shocks are analyzed.
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Volume (Year): 68 (2001) Issue (Month): 2 (October) Pages: 387-402 Download reference. The following formats are available: HTML
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Andrew Clark & Davis Masclet & Marie-Claire Villeval, 2006.
"Effort and Comparison Income : Survey and Experimental Evidence,"
Working Papers
0601, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
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