Fehr, Ernst; Goette, Lorenz; Zehnder, Christian - In: Annual Review of Economics 1 (2009) 1, pp. 355-384
incompleteness and relational nature of most employment contracts and (b) the existence of reference-dependent fairness concerns … among a substantial share of the population into account. Theory shows and experiments confirm that, even if fairness … fairness on effort, derive predictions from our approach for entry-level wages and incumbent workers’ wages, confront these …
