Hvide, Hans K.; Fershtman, Chaim; Weiss, Yoram - 2005
status considerations on wages, contracts, sorting, and output we use a standard principal agent framework in which firms …. Second, although workers may have the same productivity, equilibrium will generate a dispersion in (expected) wages, and … workers with status concerns will have more high-powered incentives, work more and earn more than workers who do not care …