CFDP 1383

Fairness, Reciprocity, and Wage Rigidity

Author(s): 

Publication Date: October 2002

Pages: 36

Abstract: 

This paper contains a review of work on wage rigidity. The work includes field studies, and economic experiments, and psychological surveys. Economists have done the field studies and experiments, and management scientists and experimental psychologists have done the surveys.

Keywords: 

Wage rigidity, Morale, Fairness, Reciprocity

JEL Classification Codes:  J30