Interpersonal Comparison, Status and Ambition in Organisations.
This paper argues that the prevalence of compensation systems which reward winners without explicitly identifying losers can be rationalized by workers' concern for relative payo¤s. If the workers' participation constraints are binding, the …rm must compensate its employees for the disutil...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Department of Economics (University of Oxford)
2005
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