Artikel
The causes and economic consequences of envy
In this lecture I first give an explanation for invidious preferences based on the (evolutionary) competition for resources. Then I show that these preferences have wide ranging and empirically relevant effects on labor markets, such as: workplace skill segregation, gradual promotions, wage increases that have no relation with productivity and downward wage flexibility. I suggest that labor and human resource economics can benefit from including envy into the standard set of factors considered in their theoretical and empirical models.
- Language
-
Englisch
- Bibliographic citation
-
Journal: SERIEs - Journal of the Spanish Economic Association ; ISSN: 1869-4195 ; Volume: 1 ; Year: 2010 ; Issue: 4 ; Pages: 371-386 ; Heidelberg: Springer
- Classification
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Wirtschaft
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Wage Level and Structure; Wage Differentials
Compensation Packages; Payment Methods
Labor Contracts
- Subject
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envy
interdependent preferences
skill segregation
wage dynamics
wage dispersion
internal labor market
recursive contracts
- Event
-
Geistige Schöpfung
- (who)
-
Cabrales, Antonio
- Event
-
Veröffentlichung
- (who)
-
Springer
- (where)
-
Heidelberg
- (when)
-
2010
- DOI
-
doi:10.1007/s13209-010-0028-1
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Cabrales, Antonio
- Springer
Time of origin
- 2010
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