providing incentives through group versus individual bonus schemes. When workers have a propensity for envy, either scheme may …

A worker's utility may increase in his own income, but envy can make his utility decline with his employer's income … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …, increases optimal incentive pay. Moreover, envy can make profitsharing optimal, even when the worker's effort is fully …

A worker's utility may increase in his own income, but envy can make his utility decline with his employer's income … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …, increases optimal incentive pay. Moreover, envy can make profitsharing optimal, even when the worker's effort is fully …

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. -- envy ; interdependent preferences ; skill segregation ; wage dynamics …