단행본NBER Working Paper 24906
Fairness and frictions: the impact of unequal raises on quit behavior
- 청구기호
- WP 24906
- 발행사항
- Cambridge : NBER, 2018
- 형태사항
- 63 p. :. PDF file ;. 1.52 MB
- 분류기호
- 듀이십진분류법->WP
- 키워드
- wages, own-wage, peer-wage, labor studies
소장정보
위치 | 등록번호 | 청구기호 / 출력 | 상태 | 반납예정일 |
---|---|---|---|---|
이용 가능 (1) | ||||
E0003101 | 대출가능 | - |
이용 가능 (1)
- 등록번호
- E0003101
- 상태/반납예정일
- 대출가능
- -
- 위치/청구기호(출력)
책 소개
We analyze how separations responded to arbitrary differences in own and peer wages at a large U.S. retailer. Regression-discontinuity estimates imply large causal effects of own wages on separations, and on quits in particular. However, this own-wage response could reflect comparisons either to market wages or to peer wages. Estimates using peer-wage discontinuities show large peer-wage effects and imply the own-wage separation response mostly reflects peer comparisons. The peer effect is driven by comparisons with higher-paid peers—suggesting concerns about fairness. Separations appear fairly insensitive when raises are similar across peers—suggesting search frictions and monopsony are relevant in this low-wage sector.