employer's surplus from the work contract is a crucial prerequisite for a positive wage-effort relation. This demonstrates that …

employer's surplus from the work contract is a crucial pre-requisite for a positive wage-effort relation. This demonstrates …

incompleteness and relational nature of most employment contracts and (ii) 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 …