Fair Wages Survive Multiple Sources of Income Inequality

Authors

  • Karina Gose

DOI:

https://doi.org/10.24352/UB.OVGU-2018-511

Keywords:

Gift exchange, fair wage-effort hypothesis, reciprocity, inequity aversion, tit for tat

Abstract

When an employee in a gift exchange game earns significantly less than the employer, the source of employer income does not affect effort choices. However, to induce one unit of effort, the employer has to pay higher wages than in a game without payoff inequality.

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Published

2018-09-10

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Section

Artikel