The desire for impact |
| |
| Authors: | Robert Dur Amihai Glazer |
| |
| Institution: | aTinbergen Institute, Erasmus University Rotterdam, Department of Economics, The Netherlands;bCESifo, Munich, Germany;cDepartment of Economics, University of California, Irvine, CA 92697, USA |
| |
| Abstract: | This paper explores the meaning and implications of the desire by workers for impact. We find that this impact motive can make a firm in a competitive labor market face an upward-sloping supply curve of labor, 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 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
